Sunshine Bank has the following list of entries on its balance sheet. All figures are in millions

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Sunshine Bank has the following list of entries on its balance sheet. All figures are in millions of dollars.

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a. Draw the balance sheet for Sunshine Bank and record the entries appropriately in the asset or liability column.

b. What are total assets and liabilities for this commercial bank?

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

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Related Book For answer-question

Macroeconomics

ISBN: 9780133910445

15th Edition

Authors: Christopher T S Ragan

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Question Posted: Mar 14, 2024 12:00 PM

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Sunshine Bank has the following list of entries on its balance sheet. All figures are in millions

Question:

Mortgage loans Cash reserves 2100 630 Shareholders' equity 600 Foreign currency reserves 6000 Government deposits 180 Deposits at the Bank of Canada 150 Demand deposits 4500 Notice (term) deposits 3600

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Macroeconomics

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