Fill in the blanks in a bank's balance sheet based on the following information: It took out
Question:
Fill in the blanks in a bank's balance sheet based on the following information:
It took out $1,750 billion worth of loans that were due to be repaid next year.
His deposits in other private banks are worth $930 billion.
It holds $250 billion worth of banknotes and coins.
Its physical capital is worth $1,800 billion.
Customers deposit $2,600 billion in cash into their checking accounts.
He made deposits worth $170 billion to the Federal Reserve Bank.•
Provides $2,700 billion worth of loans to households•
He took out $650 billion worth of debt that had to be repaid in a year or more.
assets (in billions of dollars) | obligations and equity (in billions) | ||
reserves | $______ | Sue deposit | $______ |
cash equivalents | $_____ | short-term borrowing | $______ |
long-term investments | $_____ | long-term debt | $______ |
Shareholders' equity | $______ | ||
Therefore, a bank's total assets are value.
$____
and the total liabilities are worth
$_____
Expert Answer:
i Total Assets 5850 ii Total Liabilities 5000 ASSETS IN BILLION Reserves 420 Deposit ... View the full answer
