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The table below shows the hypothetical balance sheet of Bank of Seaman. Assets Cash Reserves Loans Total Bank of Seaman
Posted: Fri Jul 01, 2022 8:19 am
by answerhappygod
- The Table Below Shows The Hypothetical Balance Sheet Of Bank Of Seaman Assets Cash Reserves Loans Total Bank Of Seaman 1 (52.75 KiB) Viewed 46 times
The table below shows the hypothetical balance sheet of Bank of Seaman. Assets Cash Reserves Loans Total Bank of Seaman Liabilities $30,600 Deposits $149,400 $180,000 Total a) Calculate the cash ratio. b) Based on (a), how much credit can be created by Bank of Seaman. c) List three limitations of credit creation in economy. $180,000 $180,000 (3 marks) (4 marks) (3 marks)