Solve only C) Only typed answer Sunshine Bank has the following list of entries on its balance sheet. All figures are in millions of dollars. Complete parts (a) through (c) below.1200Mortgage loansCash reserves620800a. The balance sheet for Sunshine Bank could appear like the figure to Assetsthe right. Identify which of the entries on the balance sheet should berecorded in the assets column. (Select all that apply.)A. Demand depositsB. Foreign currency reservesC. Cash reservesD. Mortgage loansE. Government depositsShareholders' equityForeign currency reservesGovernment depositsDeposits at the Bank of CanadaDemand depositsNotice (term) depositsF. Shareholders' equityG. Deposits at the Bank of CanadaH. Notice (term) depositsb. What are total assets and liabilities for this commercial bank?Total assets are $8140 million and total liabilities are $ 8140 million.c. What is the bank's actual reserve ratio?The bank's actual reserve ratio is%.(Round your response to one decimal place.)610024022039003200Liabilities

The reserve ratio is the percentage of deposits each bank has to keep in reserve. The reserve of…

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c. What is the bank's actual reserve ratio? The bank's actual reserve ratio is %.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter4: Going Into Debt

Section: Chapter Questions

Problem 6AA

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Solve only C)

Only typed answer

Sunshine Bank has the following list of entries on its balance sheet. All figures are in millions of dollars. Complete parts (a) through (c) below.
1200
Mortgage loans
Cash reserves
620
800
a. The balance sheet for Sunshine Bank could appear like the figure to Assets
the right. Identify which of the entries on the balance sheet should be
recorded in the assets column. (Select all that apply.)
A. Demand deposits
B. Foreign currency reserves
C. Cash reserves
D. Mortgage loans
E. Government deposits
Shareholders' equity
Foreign currency reserves
Government deposits
Deposits at the Bank of Canada
Demand deposits
Notice (term) deposits
F. Shareholders' equity
G. Deposits at the Bank of Canada
H. Notice (term) deposits
b. What are total assets and liabilities for this commercial bank?
Total assets are $8140 million and total liabilities are $ 8140 million.
c. What is the bank's actual reserve ratio?
The bank's actual reserve ratio is%.
(Round your response to one decimal place.)
6100
240
220
3900
3200
Liabilities

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