Notting Hill Bank has new loan requests of £225 million, needs to purchase £100
ID: 2780697 • Letter: N
Question
Notting Hill Bank has new loan requests of £225 million, needs to purchase £100 million of U.K. government securities, and anticipates loan customers will draw £135 million on existing credit lines. Deposits received today total £215 million and the bank expects to bring in an additional £100 million next week. What is Notting Hill Bank’s estimated funds gap for the coming week?
£135 million
£145 million
£225 million
£100 million
None of the other responses are correct
A.£135 million
B.£145 million
C.£225 million
D.£100 million
E.None of the other responses are correct
Explanation / Answer
Fund Gap = Total disbursement - Total receive
= ($225 + $100 + $135) - ($215 + $100)
= $460 - $315
= $145 milion.
Fund Gap in Bank is $145 million.
Option (B) is correct answer.
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.