Exhibit: Balance Sheet of the Alpha-Beta Bank
Assets
Liabilities
Vault Cash 25
Checkable deposits 600
Deposits with Federal Reserve Banks 75
Savings and time deposits 1,500
Loans 2,000
Other liabilities 700
Investment securities 500

Other assets 400

Reference: Ref 9-3

(Exhibit: Balance Sheet of the Alpha-Beta Bank) What is the value of the bank's net worth?
A.
$2,000 million
B.
$3,000 million
C.
$2,800 million
D.
$200 million

c

-by-step explanation:

it would be c

the answer is:

the correct option:

b.

to solve the problem, we need to remember how to operate to simplify exponential expressions using the logarithms.

we are given the equation:

then, using placing logarith with base 7 on both sides of the equation, we have:

so, rounding the obtained result to two decimal places (nearest hundreth), we have:

hence, we have that the correct option:

b.

have a nice day!

he earned 78.75 in interest.

step-by-step explanation: