First Bank has $12 million in deposits, $5 million in loans, $6 million in bonds and $1 million in reserves. What is the bank's net worth?

Net worth is the value of the assets a person or company owns, minus the liabilities they owe.

The net worth of the bank will be calculated as the total liabilities deducted from the total assets. This will be:

= (Loans + Bonds + Reserves) - Deposit

= ($5 + $6 + $1) - $12

= $12 - $12

= 0

The bank's net worth will be 0 million

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Explanation:

The net worth of the bank will be calculated as the total liabilities deducted from the total assets. This will be:

= (Loans + Bonds + Reserves) - Deposit

= ($5 + $6 + $1) - $12

= $12 - $12

= 0

The bank's net worth will be 0 million

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