Question 1
Thompson National Trust has assets of $500,000 and liabilities of $400,000. Thompson National Trust's net worth is
◦ $100,000.
◦ $400,000.
◦ $500,000.
◦ $900,000.
Question 2
A commercial bank lists
◦ loans as liabilities.
◦ deposits as liabilities.
◦ required reserves as liabilities.
◦ excess reserves as liabilities.