Sunshine Bank has the following list of entries on its balance sheet. All figures are in millions
Question:
Sunshine Bank has the following list of entries on its balance sheet. All figures are in millions of dollars.
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?
Transcribed Image Text:
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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