Question
(#45) Neptune Financial Bank has deposits of $720 million. It holds reserves of $30 million and has purchased government bonds worth $250 million. The bank's
(#45) Neptune Financial Bank has deposits of $720 million. It holds reserves of $30 million and has purchased government bonds worth $250 million. The bank's loans, if sold at current market value, would be worth $720 million. What is Neptune Financials net worth?
Group of answer choices
- $280 million
- $750 million
- $150 million
- $1 billion
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Historical Perspectives On The American Economy Selected Readings
Authors: Robert Whaples, Dianne C Betts
1st Edition
0521466482, 9780521466486
