Business, 21.12.2020 06:20 marshallmattah
Jay P Horgan Bank holds deposits of $700 million. The current market value of the bank's loans is $500 million. It also holds reserves of $40 million and government bonds worth $100 million. What is the value of the bank's total liabilities?
$700 million
$540 million
$640 million
$800 million
Answers: 3
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Jay P Horgan Bank holds deposits of $700 million. The current market value of the bank's loans is $5...
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