Stealth bank holds deposits of $593million. 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 liabilities? (Put your answer in terms of millions. If you think it should be 550 million, then write 550 not 550,000,000)

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter25: Money, Banking, And The Federal Reserve System
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Stealth bank holds deposits of $593million. 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 liabilities? (Put your answer in terms of millions. If you think it should be 550 million, then write 550 not 550,000,000)

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