Question
(15 pts)2.The following balance sheet (column 1) for All Member Banks Combined serves as a starting point.Assume a closed economy and not a Global economy
(15 pts)2.The following balance sheet (column 1) for "All Member Banks Combined" serves as a starting point.Assume a closed economy and not a Global economy exists.
12
Assets
Vault Cash$84,000$84,000
Reserves at Fed Res290,400_________
Required276,000_________
Excess14,400_________
Federal Funds Sold432,000432,000
Loans 5,760,000__________
Securities1,680,000__________
Other Assets1,281,6001,281,600___
Total Assets$9,528,000$___________
Liabilities
Demand Deposits$3,600,000$___________
Time Deposits4,195,2004,195,200
FF Purchased432,000432,000
Loans, Discounts and Advances14,40014,400
Other Liabilities417,600417,600
Capital Account868,800868,800
Total Liabilities + NW$9,528,000$_____________
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Fundamentals Of Multinational Finance
Authors: Michael Moffett, Arthur Stonehill, David Eiteman
6th Edition
0134472136, 978-0134472133
