Question
3. Sunshine Bank has the following list of entries on its balance sheet. All figures are in millions of dollars. Mortgage loans Cash reserves
3. Sunshine Bank has the following list of entries on its balance sheet. All figures are in millions of dollars. Mortgage loans Cash reserves Shareholders' equity Foreign currency reserves Government deposits Deposits at the Bank of Canada Demand deposits Notice (term) deposits 2100 630 600 6000 180 150 4500 3600 a. Draw the balance sheet for Sunshine Bank and record the entries appropriately in the asset or liability column. b. What are total assets and liabilities for this commercial bank? C. What is the bank's actual reserve ratio?
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