First Commercial Bank Assets Liabilities + Net Worth Reserves $200,000 $1 million Deposits Required -- $200,000 Net Worth Excess $50,000 Loans -- Total $1.2 million $1.2 million Total 1,000,000. 1,050,000 1,150,000 1,200,000
First Commercial Bank Assets Liabilities + Net Worth Reserves $200,000 $1 million Deposits Required -- $200,000 Net Worth Excess $50,000 Loans -- Total $1.2 million $1.2 million Total 1,000,000. 1,050,000 1,150,000 1,200,000
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter16: Information, Risk, And Insurance
Section: Chapter Questions
Problem 8RQ: What are some ways that someone looking for a loan might reassure a bank that is faced with...
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Question
Refer to Table 10.1. First Commercial Bank's total loans equal $________.
First Commercial Bank |
|||
Assets |
Liabilities + Net Worth |
||
Reserves |
$200,000 |
$1 million |
Deposits |
Required |
-- |
$200,000 |
Net Worth |
Excess |
$50,000 |
|
|
Loans |
-- |
|
|
Total |
$1.2 million |
$1.2 million |
Total |
1,000,000.
1,050,000
1,150,000
1,200,000
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