Fn FIN 353 42. What is the NAV after distribution in 201 7 A. $97.92 B. $102.92

Question

Fn FIN 353 42. What is the NAV after distribution in 201 7 A. $97.92 B. $102.92 C. $145.25 D. $102.34 43. What is the amount of the paid in capital in year 2010 as seen in Table 14? Table 14 Year 2006 2007 2008 2009 2010 called down 40 10 15 25 10 A. $100.00 B. $40.00 C. $90.00 D. $110.00 44. A new country is created and one bank opens its doors, First Bank. The Federal Reserve prints $218 that ends up at First Bank. Then a depositor, John Chen, from another country converts his actually money denominated in yen to dollars and deposits $528. The bank then creates $851 dollars in new loans. What is M0 and M1? A. MO-$746, M1-$1597 B. MO-$218, M1-$746 C. MO-$528, M1-$1597 D. MO-$746, M1-$851 45. Which is NOT a way to reduce capital? A. Decrease the dividend B.Increase liabilities to decrease assets C. Buy back shares D. All of the above. 46 A bank has 100 million dollars in deposits and $11 million dollars in reserves. The required reserve ratio is 10%. There is a deposit outflow of$8 million. What is the shortfall in reserves? A. -$7.00 B. S1.00 C.$1.8 D.-$6.20 Page 11 of 12

Explanation / Answer

Solution 43:

Paid up capital is the sum of called up capital. Therefore, paid up capital for 2010 would be the sum of called up capital from year 2006 through year 2010.

Paid up capital = $40 +$10 + $15 + $25 +$10

                             = $100

Option A is correct.

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