Cat bank has deposits of $800 million. It holds reserves of $20 million and government bonds worth $60 million. If the bank sells its loans at market value of $700 million, what wil its total assets equal? O $780 million $510 million O $80 million $720 million

Cat bank has deposits of $800 million. It holds reserves of $20 million and government bonds worth $60 million. If the bank sells its loans at market value of $700 million, what wil its total assets equal? O $780 million $510 million O $80 million $720 million

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Cat bank has deposits of $800 million. It holds reserves of $20 million and government
bonds worth $60 million. If the bank sells its loans at market value of $700 million, what will
its total assets equal?
O $780 million
O $510 million
O $80 million
O $720 million

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