Answer:
4/3 1.333 1 1/3
Step-by-step explanation:
In this equation y would equal 4 or it could be 1
Answer:
$75 million
Step-by-step explanation:
Given that:
Reserve value = $70 million
Purchased government bond = 215 million
Market value of loan = $490 million
Net worth :
Assets - liability
Assets = (Market value of loan + purchased government bond + reserve value)
(490 million + 215 million + 70 million)
275 million + 70 million
= $775 million
Liability = Deposits = $700 million
Net worth = ($775 - $700) million
Net worth = $75 million
