The coppock bank began the day with $10,000,000 in its reserve account and ended the day with the same amount. if loans, other assets, and treasury securities were $3,000,000 and owner’s equity was $2,000,000, what is the bank’s total amount of assets?

The answer is: $13,000,000

Explanation:

To calculate Coppock Bank's total assets we can use the following formula:

bank assets = reserve account + loans + treasury securities + other assets

bank assets = $10,000,000 + $3,000,000 = $13,000,000

The balance sheet equation is: assets = liabilities + equity

So the $2,000,000 in equity are not included in the bank's assets

one of the disadvantages of getting a government sponsored mortgage is they put a limit on the purchase price of the house. because the government is in charge of the mortage loan and terms, they are able to control how much money they are allowing someone to take out for the loan. not only are they incontrol, it's a lengthy process for a government sponsored mortgage.

answer; signaling;