The table below shows selected items from the balance sheet of a commercial bank.
| Item | Value (£ bn) |
|---|---|
| Cash | 15 |
| Operational physical assets | 85 |
| Customer deposits | 310 |
| Treasury bills | 40 |
| Balances at the Bank of England | 65 |
| Retained earnings (reserves) | 40 |
| Mortgages and customer loans | 280 |
| Share capital | 90 |
| Long-term subordinated debt | 120 |
| Long-term investment securities | 75 |
What is the value of this bank's total liquid assets?
£80 bn
£120 bn
£195 bn
£400 bn
176 exam-style questions on AQA A Level Economics 2.4 Financial markets and monetary policy (A-level only), covering 2.4.1 The structure of financial markets and financial assets, 2.4.2 Commercial banks and investment banks, 2.4.3 Central banks and monetary policy, and 2.4.4 The regulation of the financial system. Each one has a worked solution and a mark scheme showing where the marks go.