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2. How banks work Suppose a group of investors pooled $750,000 and founded Best National Bank in Sarasota, FL. Best National Bank used $$?5.000 of
2. How banks work Suppose a group of investors pooled $750,000 and founded Best National Bank in Sarasota, FL. Best National Bank used $$?5.000 of this to purchase shares in the Atlanta Federal Reserve Bank. With the remaining $675,000, the bank manager purchased a building, furniture, and equipment for the bank. Use the preceding information to complete the following table showing Best Naonal Bank's balance sheet. Best National Bank's Balance Sheet Assets liabilities and Net Worth mwonh Total Building, furniture, and equipment $ Stock in Adanta Fed Total
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