Description
Standard | Level | Grade | ||||
---|---|---|---|---|---|---|
Homework CreditThese are the possible scores on the homework assignment |
| 5.0 | ||||
Total 5.0 |
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Explanation & Answer
Attached.
Running head: BANKING
1
Banking
Student’s name
Institution
BANKING
2
Banking and Economy
1) True or false answers no need for explanation
a) True
b) True
c) False
d) True
e) False
2) Changes on bank’s balance sheet as result of
a) When a bank customer withdraws $50 in his checking account that will reflect an
increase in liability side of the bank’s balance sheet.
b) Bank asset will increase when a federal reserve conducts a $100 open market sale
for short term securities. Thus, increase asset in side of assets bank’s balance
sheet.
c) $80 will be reduced from the liability side of the bank’s balance sheet, if the bank
decides to retain $80 it has just earned rather than paying it out to shareholders.
d) $20 will be reduced from the asset side of the bank’s balance sheet.
e) $10 will be added up in liability side of the bank’s balance sheet.
3) Oddly Even Bank Information
a) Balance Sheet
BANKING
3
Balance Sheet Oddly Even Bank
Liabilities
Amount Asset...