Years           Bank            Loan advance 2018          STANBIC        2,584,735 2019.          STANBIC.      3,946,591 2020.             STANBIC  4,373,529 2018.        BARCLAYS      3,204,859 2019.            ABSA          4,082,295  2019.           Absa.           2,09,501 2020.              ABSA.       244,620 2020.            Absa.         4,481,173 Question: Calculate the Herfindahl-Hirschman Index (HHI) for each year using  loan advances and comment on the level of competition.

Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter6: Investing And Financing Activities
Section: Chapter Questions
Problem 3.7C
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Years           Bank            Loan advance
2018          STANBIC        2,584,735
2019.          STANBIC.      3,946,591

2020.             STANBIC  4,373,529
2018.        BARCLAYS      3,204,859

2019.            ABSA          4,082,295

 2019.           Absa.           2,09,501

2020.              ABSA.       244,620

2020.            Absa.         4,481,173

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Calculate the Herfindahl-Hirschman Index (HHI) for each year using 
loan advances and comment on the level of competition.

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