RECOMMENDED!!Calculate effects deposits and loans have on personal or bank assets and equities.
Calculate effects deposits and loans have on personal or bank assets and equities.Balance sheet effectA bank showed the following items (among other) on its
balance sheet at January 1, 2000:Cash $2,644,000,000Total Deposits $41,644,000,0001. Suppose
you made a bank deposit of $1,000. How would each of the bank assets and
equities be affected? How much would each of your personal assets and equities
be affected? Be specific.2. Suppose a
branch makes a $900.000 loan at a local hospital for remodeling. What would be
the effect on each of the branch’s assets and equities immediately after the
loan is made? Be specific.
3. Suppose
you borrowed $10,000 from a trust company on a personal loan. How would such a
transaction affect your personal assets and equities?
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