In 2014, the net worth of a bank was $750$⁢750 billion, and the value of customers' deposits was $300$⁢300 billion. In 2019, the net worth of the bank increased by $175$⁢175 billion, and the value of savings accounts increased by $270$⁢270 billion. Calculate the difference in the bank's total assets between 2014 and 2019.

In 2014, the net worth of a bank was $750$⁢750 billion, and the value of customers' deposits was $300$⁢300 billion. In 2019, the net worth of the bank increased by $175$⁢175 billion, and the value of savings accounts increased by $270$⁢270 billion. Calculate the difference in the bank's total assets between 2014 and 2019.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter12: Money, Banking And The Financial System

Section12.3: How Banking Developed

Problem 1ST

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