Stealth bank has deposits of $350 million. It holds reserves of $30 million and government bonds worth $70 million. If the bank sells its loans at market value of $400 million, what will its total assets equal?
A. $500 million
B. $750 million
C. $450 million
D. $380 million
Answer:A
Stealth bank has deposits of $350 million. It holds reserves of $30 million and government bonds worth $70 million. If the bank sells its loans at market value of $400 million, what will its total assets equal?
A. $500 million B. $750 million C. $450 million D. $380 million
Explanation: Type: Multiple Choice