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6 January, 02:39

Stealth bank has deposits of $700 million. It holds reserves of $20 million and has purchased government bonds worth $350 million. The banks loans, if sold at current market value, would be worth $600 million. What is the total value of Stealth bank's assets?

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  1. 6 January, 02:54
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    Stealth bank's assets = $970 million

    Explanation:

    Given:

    Bank deposit = $700 million

    Reserve = $20 million

    Purchase price of government bond = $350 million

    Bank loan current value = $600 million

    Computation of Total value of Stealth bank's assets

    Stealth bank's assets = Bank loan current value + Reserve + Purchase price of government bond

    Stealth bank's assets = $600 million + $20 million + $350 million

    Stealth bank's assets = $970 million
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