The income and substitution effects of a temporary and permanent increase in real wages on labor supply.

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Stealth bank has deposits of $700 million. It holds reserves of $20 million and has purchased government bonds worth $350 million. The banks loans, if sold at current market value, would be worth $600 million. What is the total value of Stealth bank's assets? I believe my calculation of 1.3 billion may be incorrect May I have my work checked please

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Question

Chapter 3, Problem 6RQ

To determine

The income and substitution effects of a temporary and permanent increase in real wages on labor supply.

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