Consider a bank that has total assets of $12,400 and total liabilities of $9,600.

| November 24, 2016

Consider a bank that has total assets of $12,400 and total liabilities of $9,600. Its leverage ratio equals:

(Carefully follow all numeric instructions. Round intermediate steps to four decimal places and your final answer to two decimal places. Express your answer “as a percent, but without the percent sign.”)

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