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How much cash are available to the bank

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Levi has $100,000 in his savings account. The bank loaned $40,000 from Levi's savings to Eren, and credited this to Eren's checking account. Eren issued a $20,000 check to his friend, Mikasa.

Problem 1. How much cash are we talking about?

Problem 2. How much cash are available to:

a. Levi

b. the bank

c. Eren

d. Eren's friend (Mikasa)?

Problem 3. What did you observe from the case?

Reference no: EM132773022

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