If a bank sells 100 of assets at the firesale price of 50


If a bank sells $100 of assets at the fire–sale price of $50, the balance sheet effect is to

a reduce reserves by $50.

b reduce net worth by $50.

c reduce reserves by $100.

d reduce net worth by $100.

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Financial Management: If a bank sells 100 of assets at the firesale price of 50
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