Macroeconomics
Macroeconomics
13th Edition
ISBN: 9780134735696
Author: PARKIN, Michael
Publisher: Pearson,
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Chapter 5, Problem 21APA

(a)

To determine

Identify the efficiency and inefficiency in the market.

(b)

To determine

Identify the efficiency and inefficiency in a competitive market.

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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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