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1.Westpac bank earns 5% on $4 billion of interest-earning assets. It has total liabilities of $2.5 billion, which on average costs 3%. If the bank's
1.Westpac bank earns 5% on $4 billion of interest-earning assets. It has total liabilities of $2.5 billion, which on average costs 3%. If the bank's interest rate margin is 2.5%, How much total assets does Westpac have?
a. $4billion
b. 5 billion
c. 3 billion
d. 5.25 billion
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