Ask Question
15 May, 07:51

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?

+5
Answers (1)
  1. 15 May, 10:29
    0
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Stealth bank holds deposits of $600 million. It holds reserves of $30 million and government bonds worth $80 million. The current market ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers