Stealth bank has deposits of $700 million. It holds reserves of $10 million and has purchased government bonds worth $300 million. The banks loans, if sold at current market value, would be worth $600 million. What is the total value of Stealth bank's assets? [REMEMBER TO INCLUDE THE CORRECT NUMBR OF ZEROS IN YOUR ANSWER].
Stealth bank has deposits of $700 million. It holds reserves of $10 million and has purchased government bonds worth $300 million. The banks loans, if sold at current market value, would be worth $600 million. What is the total value of Stealth bank's assets? [REMEMBER TO INCLUDE THE CORRECT NUMBR OF ZEROS IN YOUR ANSWER].
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter12: Money, Banking And The Financial System
Section: Chapter Questions
Problem 3WNG
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