Question: Stealth bank has deposits of $300 million. It holds reserves of $20 million and has purchased government bonds worth $300 million. The bank's loans, if
Stealth bank has deposits of $300 million. It holds reserves of $20 million and has purchased government bonds worth $300 million. The bank's loans, if sold at current market value, would be worth $600 million. What does Stealth bank’s net worth equal?
| a. | $1.22 billion | |
| b. | $920 million | |
| c. | $620 million | |
| d. | $20 million |
Step by Step Solution
There are 3 Steps involved in it
Answer 620 million Assets Loans Bonds Reserv... View full answer
Get step-by-step solutions from verified subject matter experts
