List of accounts on its balance sheet

List of accounts on its balance sheet

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Reference no: EM13819111

For the next three questions we will consider Sante Bank, which has the following (partial) list of accounts on its balance sheet:

Cash in the bank = $11,000

US government bonds = $4,000

Deposit in the Fed = $25,000

Equity = $16,000

Savings deposits = $100,000

Checking deposits = $260,000

Calculate Sante Bank's actual reserves on hand.

Reference no: EM13819111

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