20 ABC Bank has $39 million invested in T-Bonds with a 16-year duration, $39 million in 6 month maturity T-Bills, and $75 million invested in consumer loans with a 3 year duration. If they are all portfolios of this bank, what is the duration of the bank's asset portfolio in years? A. 5.68 years B. 6.50 years C. 7.23 years D. 8.78 years E. 9.51 years 21. Which of the following results in a net liquidity drain? A. Demand deposits increase $120; loans increase $80 B. Reverse repurchase agreements increase $50; demand deposit decrease $50 C. Repurchase agreements increase $100; Demand deposit decrease $50 D. Demand deposits decrease $120; loan repayments are $250 E. Demand deposits increase $10; loans decrease $10 A. limiting bank mergers when the merger might adversely affect competition. B. discouraging speculation in financial markets 22. All of the following were an objective of the Glass-Steagall Act except C. preventing conflict of interest and self-dealing D. restoring confidence in the commercial banking system. A. origination, underwriting, and sales. B. registration of securities, storage of securities, and execution of trades. C. execution of trades, investment advice, and margin credit D. cash management service, privaeplaements, and security distribution 23. Full-service brokerage firms include Services Modernization Act was passed, commercial banks could A. invest in common equities B. underwrite U.S. government securitics 24. Even before the Financial underwrite corporate bond issues D. underwrite common stock via best efforts offerings , information belomors International Bank (FIB) (mills) for questions 25-26 Refer to the informa Funds borrowed Maximum amount FIB can still borrow Cash-type assets Excess cash reserves Federal Reserve borrowings $6,300 8,600 $4,700 S 100 s 200 what are Formosa International Bank's total sources of future liquidity? A$16,520 B. $13,400 C $14,200 D. $12.280 E $15,760