Only assets and liabilities

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Reference no: EM138879

Q1. What is the effect on poverty statistics of noncash transfer programs?

Q2. Suppose that in a country the total holdings of banks were as follows:
required reserves = $45 million
excess reserves = $15 million
deposits = $750 million
loans = $600 million
Treasury bonds = $90 million

Show that the balance sheet balances if these are the only assets and liabilities.

Reference no: EM138879

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