A bank's net worth is equal to its
A) assets plus its liabilities.
B) assets minus its liabilities.
C) liabilities minus its assets.
D) proﬁts plus its assets.

Name: A bank's net worth is equal to its A) assets plus its liabilities. B) assets minus its liabilities. C) liabilities minus its assets. D) proﬁts plus its assets.
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Question

Quizplus · Accepted Answer

Net worth is defined as assets minus liabilities. It represents the residual claims of the bank's owners after all the liabilities have been paid off.

A Bank's Net Worth Is Equal to Its