Question 14. Stealth bank has deposits of $700 million. It holds reserves of $20 million and has purchased government bonds worth $350 million. The banks loans, if sold at current market value, would be worth $600 million. What is the total value of Stealth bank’s assets? a) $1.7 billion b) $470 million c) $1.3 billion d) $970 million

Question 14. Stealth bank has deposits of $700 million. It holds reserves of $20 million and has purchased government bonds worth $350 million. The banks loans, if sold at current market value, would be worth $600 million. What is the total value of Stealth bank’s assets?
a) $1.7 billion
b) $470 million
c) $1.3 billion
d) $970 million

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