The table below shows balance sheet data, in £m, for a phone-based bank, Android Bank: £m loans to corporati ons 50 loans to households 600 AndroidBank's holdings of shares and bonds, etc retail current account deposits (deposits by general public with AndroidBank) commercial current account deposits (deposits by companies with AndroidBank) tangible assets and property 300 1500 50 500 cash in vaults 50 reserve deposits with Bank of England (deposits by AndroidBank) borrowing by AndroidBank in money market 300 25 Android Bank has total liabilities of £1550m. Select one: O True False
The table below shows balance sheet data, in £m, for a phone-based bank, Android Bank: £m loans to corporati ons 50 loans to households 600 AndroidBank's holdings of shares and bonds, etc retail current account deposits (deposits by general public with AndroidBank) commercial current account deposits (deposits by companies with AndroidBank) tangible assets and property 300 1500 50 500 cash in vaults 50 reserve deposits with Bank of England (deposits by AndroidBank) borrowing by AndroidBank in money market 300 25 Android Bank has total liabilities of £1550m. Select one: O True False
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The table below shows balance sheet data, in £m, for a phone-based bank, Android
Bank:
£m
loans to corporati ons
50
loans to households
600
AndroidBank's holdings of shares and bonds, etc
retail current account deposits (deposits by general public with AndroidBank)
commercial current account deposits (deposits by companies with AndroidBank)
tangible assets and property
300
1500
50
500
cash in vaults
50
300
reserve deposits with Bank of England (deposits by AndroidBank)
borrowing by AndroidBank in money market
25
Android Bank has total liabilities of £1550m.
Select one:
O True
O False
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