A bank holds $ 7 0 billion in checking accounts, $ 1 2 0 billion in savings

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A bank holds $ $70$ billion in checking accounts, $ $120$ billion in savings accounts, and $ $45$ billion in reserves. The bank has also issued loans for $ $130$ billion and purchased $0.6$ billion bonds, each worth $ $45 .$

Calculate the bank $’$ s net worth. Round any intermediate calculations and your final answer to two decimal places if necessary.

Related Book For answer-question

Linear Algebra A Modern Introduction

ISBN: 978-1285463247

4th edition

Authors: David Poole

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Posted Date: Feb 28, 2024 06:46 AM

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A bank holds $ 7 0 billion in checking accounts, $ 1 2 0 billion in savings

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To calculate the banks net worth we need to sum up ... View the full answer

Linear Algebra A Modern Introduction

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