Bank capital is equal to
A) the value of the capital originally invested in the bank by its owners.
B) the value of everything the bank owns.
C) the difference between the value of the bank's assets and the value of its liabilities.
D) the value of the buildings and other physical assets the bank owns.
C
Economics
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Which of the following facilitates the movement of checks across the country?
a. Board of Governors b. Treasury Department c. Federal Open Market Committee d. Federal Reserve Banks e. Department of Commerce
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How would you characterize the foreign exchange market?
a. Extremely competitive. b. Somewhat competitive. c. Monopolistic. d. Driven by demand by tourists and individuals. e. Involving usually physical exchange one currency for another.
Economics