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Question
The assets and liabilities of Finacle Bank as on December 31, 2015, are as follows:
$20,000 of short-term securities issued by governments and private borrowers (about to mature), $12,000 of borrowings from the money market, $15,000 of short-term savings accounts, $12,000 of variable-rate loans and securities, $18,000 of long-term loans made at a fixed interest rate, $25,000 of long-term savings and retirement accounts, $22,000 of deposits in the Central Bank (held as legal reserves), $550,000 of equity capital provided by the bank's owners, and $500,000 of building and equipment.
What is the total of repriceable assets held by the bank as on December 31, 2015?
A. $32,000
B. $50,000
C. $45,000
D. $55,000
E. $52,000
Answer
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