Stealth bank holds deposits of $600 million. It holds reserves of $30 million and government bonds worth $80 million. The current market value of the bank's loans is $400 million. What is the value of the bank's total liabilitie?

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Business

Stella Orr

12 June, 11:14

Stealth bank holds deposits of $600 million. It holds reserves of $30 million and government bonds worth $80 million. The current market value of the bank's loans is $400 million. What is the value of the bank's total liabilitie?

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Answers (1)

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Michelle Lowe · Answer 1

The value of the bank total liability will be $600

Explanation:

Liability is a legal obligation or the claim against the assets of a organization or person which arises or take place due to the past or current liabilities.

In this situation, Stealth bank is holding the amount of $600 million from which the reserve is $30 million and the governments bonds amounts to $80 million. And the bank loan current value is $400 million. Therefore, the amount of total liability is of $600 million.