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When a bank writes off a loan for $250, the balance sheet effect is to a reduce both assets and net worth by $250. b
When a bank writes off a loan for $250, the balance sheet effect is to
a | reduce both assets and net worth by $250. |
b | increase assets and reduce net worth by $250. |
c | reduce only assets by $250. |
d | reduce only net worth by $250. |
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