Stealth bank holds deposits of $593million. It holds reserves of $30 million and government bonds worth $80 million. The current market value of the bank's loans is $400 million. What is the value of the bank’s total liabilities? (Put your answer in terms of millions. If you think it should be 550 million, then write 550 not 550,000,000)
Stealth bank holds deposits of $593million. It holds reserves of $30 million and government bonds worth $80 million. The current market value of the bank's loans is $400 million. What is the value of the bank’s total liabilities? (Put your answer in terms of millions. If you think it should be 550 million, then write 550 not 550,000,000)
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter27: Money And Banking
Section: Chapter Questions
Problem 30P: A bank has deposits of 400. It holds reserves of 50. It has purchased government bonds worth 70. It...
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Stealth bank holds deposits of $593million. It holds reserves of $30 million and government bonds worth $80 million. The current market value of the bank's loans is $400 million. What is the value of the bank’s total liabilities? (Put your answer in terms of millions. If you think it should be 550 million, then write 550 not 550,000,000)
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