Bank of China has the following items on its balance sheet. Require reserves of $150 billion Excess reserves of $50 billion U.S. Treasury bills $500 billion Claims on BNP Paribas (A bank based in France) $10 billion Claims on Unicredit (A bank based in Italy) $15 billion Connecticut state bonds $80 billion Mortgages of $700 billion Car loans of $300 billion Corporate loans of $800 billion Checkable deposits $2,000 billion Savings deposits of $300 billion Assuming that all the assets and liabilities of the Bank of China have been listed above, what is the total equity (in billions of $) of the bank?
Bank of China has the following items on its balance sheet. Require reserves of $150 billion Excess reserves of $50 billion U.S. Treasury bills $500 billion Claims on BNP Paribas (A bank based in France) $10 billion Claims on Unicredit (A bank based in Italy) $15 billion Connecticut state bonds $80 billion Mortgages of $700 billion Car loans of $300 billion Corporate loans of $800 billion Checkable deposits $2,000 billion Savings deposits of $300 billion Assuming that all the assets and liabilities of the Bank of China have been listed above, what is the total equity (in billions of $) of the bank?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Bank of China has the following items on its
Require reserves of $150 billionExcess reserves of $50 billion- U.S. Treasury bills $500 billion
- Claims on BNP Paribas (A bank based in France) $10 billion
- Claims on Unicredit (A bank based in Italy) $15 billion
- Connecticut state bonds $80 billion
- Mortgages of $700 billion
- Car loans of $300 billion
- Corporate loans of $800 billion
- Checkable deposits $2,000 billion
- Savings deposits of $300 billion
Assuming that all the assets and liabilities of the Bank of China have been listed above, what is the total equity (in billions of $) of the bank?
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