For the next three questions we will consider sante bank, Ask an Expert

Economics

For the next three questions we will consider Sante Bank, which has the following (partial) list of accounts on its balance sheet:

Cash in the bank = $11,000

US government bonds = $4,000

Deposit in the Fed = $25,000

Equity = $16,000

Savings deposits = $100,000

Checking deposits = $260,000

Calculate Sante Bank's actual reserves on hand.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91389026

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