Calculate the banks total interest-bearing liabilities

Select one:

a. 10,800

b. 14,000

c. 16,310

d. 16,250

Assets Liabilities and Equity Cash $ 450 Demand deposits $ 5,510 Demand deposits Small time from other Fis 1,350 deposits 10.800 Investments 4,050 Jumbo CDS 3,200 Federal funds Federal funds sold 2,025 purchased 2,250 Loans 15,525 Equity 2,200 Reserve for loan losses (1.125) Premises 1,685 Total Total assets $23,960 liabilities/equity $23,960 Interest income $2,600 Interest expense 1,650 Provision for loan losses 180 Noninterest income 140 Noninterest expense 420 Taxes 90