AssetsReservesDesiredExcessLoansSecuritiesTotal Assets($000s)Liabilities40,000 Deposits11,200300,00060,000400,000Advances fromBank of CanadaBorrowingsCapitalTotal Liabilities($000s)280,000055,00065,000400,000 Consider the accompanying balance sheet for a Canadian chartered bankIf an additional $3,000,000 is deposited into the bank, then the amount of new loans (beyond its existingloans) that this chartered bank could make would be $ (Enter your response as a whole number)

The balance sheet refers to the part of the financial statement who is summarizing the assets,…

Assets Reserves Desired Excess Loans Securities Total Assets ($000s) 40,000 11,200 300,000 60,000 400,000 Liabilities Deposits Advances from Bank of Canada Borrowings Capital Total Liabilities ($000s) 280,000 0 55,000 65,000 400,000

Assets Reserves Desired Excess Loans Securities Total Assets ($000s) 40,000 11,200 300,000 60,000 400,000 Liabilities Deposits Advances from Bank of Canada Borrowings Capital Total Liabilities ($000s) 280,000 0 55,000 65,000 400,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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