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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)
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 1400 Cash reserves Shareholders' equity 580 800 Foreign currency reserves 6200 Government deposits 210 Deposits at the Bank of Canada. 230 Demand deposits 4200 Notice (term) deposits 3200 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. Mortgage loans B. Deposits at the Bank of Canada C. Shareholders' equity D. Notice (term) deposits E. Foreign currency reserves OF. Demand deposits G. Government deposits H. Cash reserves 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 %
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