Question
Fill in the blanks in the balance sheet of a bank based on the following information: It has obtained loans worth $1,750 billion that need
Fill in the blanks in the balance sheet of a bank based on the following information:
It has obtained loans worth $1,750 billion that need to be repaid in the next year.
Its deposits with other private banks are worth $930 billion.
It holds paper money and coins worth $250 billion.
The value of its physical capital equals $1,800 billion.
The customers deposit $2,600 billion in cash into their checking accounts.
It has made deposits worth $170 billion at the Federal Reserve Bank.
It grants loans worth $2,700 billion to households
It has obtained debt worth $650 billion that is due to be repaid in a year or more.
Assets (In billion $) | Liabilities and stockholders' equity (In billion $) | ||
Reserves | $______ | Demand deposits | $______ |
Cash equivalents | $_____ | Short-term borrowing | $______ |
Long-term investments | $_____ | Long-term debt | $______ |
|
| Stockholders' equity | $______ |
Therefore, total assets of a bank are worth
$____
and total liabilities are worth
$_____
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