Stealth bank holds deposits of $700 million. It holds reserves of $35 million and government bonds worth $75 million. The current market value of the bank's loans is $450 million. What is the value of the bank's total liabilities? O $600 million O $700 million $560 million

Principles of Macroeconomics (MindTap Course List)
7th Edition
ISBN:9781285165912
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter16: The Monetary System
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QUESTION 7
Stealth bank holds deposits of $700 million. It holds
reserves of $35 million and government bonds
worth $75 million. The current market value of the
bank's loans is $450 million. What is the value of
the bank's total liabilities?
$600 million
O $700 million
O $560 million
O $140 million
Transcribed Image Text:QUESTION 7 Stealth bank holds deposits of $700 million. It holds reserves of $35 million and government bonds worth $75 million. The current market value of the bank's loans is $450 million. What is the value of the bank's total liabilities? $600 million O $700 million O $560 million O $140 million
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