The T-account below shows the balance sheet of JP Morgan Chase. Assets Required reserves Excess reserves...

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The T-account below shows the balance sheet of JP Morgan Chase. Assets Required reserves Excess reserves U.S. treasury bonds Claim on Citigroup Claim on HSBC State govt bonds Local govt bonds Mortgages Corporate loans $90 million $50 million $200 million $30 million $45 million $60 million $35 million $250 million $400 million Liabilities Deposits Borrowings from other banks Bank capital $900 million $55 million $X million Based on the balance sheet, what is the value of X? Round your answer to at least 2 decimal places. The T-account below shows the balance sheet of JP Morgan Chase. Assets Required reserves Excess reserves U.S. treasury bonds Claim on Citigroup Claim on HSBC State govt bonds Local govt bonds Mortgages Corporate loans $90 million $50 million $200 million $30 million $45 million $60 million $35 million $250 million $400 million Liabilities Deposits Borrowings from other banks Bank capital $900 million $55 million $X million Based on the balance sheet, what is the value of X? Round your answer to at least 2 decimal places.

Answer rating: 100% (QA)

To find the value of X we need to sum up the liabilities Deposits 900 mil... View the full answer