c. What is the bank's actual reserve ratio? The bank's actual reserve ratio is %.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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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.
1200
Mortgage loans
Cash reserves
620
800
a. The balance sheet for Sunshine Bank could appear like the figure to Assets
the right. Identify which of the entries on the balance sheet should be
recorded in the assets column. (Select all that apply.)
A. Demand deposits
B. Foreign currency reserves
C. Cash reserves
D. Mortgage loans
E. Government deposits
Shareholders' equity
Foreign currency reserves
Government deposits
Deposits at the Bank of Canada
Demand deposits
Notice (term) deposits
F. Shareholders' equity
G. Deposits at the Bank of Canada
H. Notice (term) deposits
b. What are total assets and liabilities for this commercial bank?
Total assets are $8140 million and total liabilities are $ 8140 million.
c. What is the bank's actual reserve ratio?
The bank's actual reserve ratio is%.
(Round your response to one decimal place.)
6100
240
220
3900
3200
Liabilities
Transcribed Image Text: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. 1200 Mortgage loans Cash reserves 620 800 a. The balance sheet for Sunshine Bank could appear like the figure to Assets the right. Identify which of the entries on the balance sheet should be recorded in the assets column. (Select all that apply.) A. Demand deposits B. Foreign currency reserves C. Cash reserves D. Mortgage loans E. Government deposits Shareholders' equity Foreign currency reserves Government deposits Deposits at the Bank of Canada Demand deposits Notice (term) deposits F. Shareholders' equity G. Deposits at the Bank of Canada H. Notice (term) deposits b. What are total assets and liabilities for this commercial bank? Total assets are $8140 million and total liabilities are $ 8140 million. c. What is the bank's actual reserve ratio? The bank's actual reserve ratio is%. (Round your response to one decimal place.) 6100 240 220 3900 3200 Liabilities
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