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Refer to Table 10.2 when answering the following questions. Table 10.2: Hypothetical Bank Sheet ($ millions) Column A Column B Loans $6,800 $3,700 Deposits
Refer to Table 10.2 when answering the following questions. Table 10.2: Hypothetical Bank Sheet ($ millions) Column A Column B Loans $6,800 $3,700 Deposits Short-term Debe $7.500 $300 Cash & Reserves $1,100 Long term Debe $1,800 If the value of this bank's investments decreases by $1,000, what is the approximate leverage ratio of this bank?
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