7. A bank has 4000 in deposits. The bank has also 400 in equity. By regulation, the bank has to keep 9% in cash reserves. All else is lent at 8% return. The bank pays 1.5% on its deposits. The bank has management costs of $55. All numbers are per year.
Please show me the balance shee of the bank for the beginnig of the year, after initiationg the loans, and the income statment for the year.
Please show me the balance shee of the bank for the beginnig of the year, after initiationg the loans, and the income statment for the year.