Question

Stealth bank has deposits of $600 million. It holds reserves of $30 million and government bonds worth $80 million. If the bank sells its loans at market value of $400 million, what will its total assets equal?

Answer 1

Answer:

its total assets equal to  $510 million,

Explanation:

Total assets = Loans + Bonds + Reserves

                    = $400 million + $80 million + $30 million

                    = $510 million

Therefore, its total assets equal to  $510 million,