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1. Bank of Japan has $9,000,000 in reserves, $5,000,000 of discount loans, $2,000,000 of federal funds, $18,000,000 in Japanese government bonds, $45,500,000 in loans, and
1. Bank of Japan has $9,000,000 in reserves, $5,000,000 of discount loans, $2,000,000 of federal funds, $18,000,000 in Japanese government bonds, $45,500,000 in loans, and $55,000,000 in checking deposits. It has no other assets or liabilities (except for bank capital). a. How much does Bank of Japan have in bank capital? b. Please arrange all these items on a balance sheet
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