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Sunshine Bank has the following list of entries on its balance sheet. All figures are in millions of dollars. Complete parts (a) through (c) below
Sunshine Bank has the following list of entries on its balance sheet. All figures are in millions of dollars. Complete parts (a) through (c) below Mortgage loans 2100 Cash reserves 620 Shareholders' equity 500 Foreign currency reserves 6000 Government deposits 120 Deposits at the Bank of Canada 200 Demand deposits 4600 Notice (term) deposits 3700 a. The balance sheet for Sunshine Bank could appear like the figure to Assets Liabilities the right Identify which of the entries on the balance sheet should be recorded in the assets column (Select all that apply) A. Foreign currency reserves B. Notice (term) deposits C. Shareholders' equity D. Demand deposits E Mortgage loans F. Cash reserves G. Government deposits H. Deposits at the Bank of Canada b. What are total assets and liabilities for this commercial bank? Total assets are $million and total liabilities are $million c. What is the bank's actual reserve ratio? The bank's actual reserve ratio is s
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