Answer:
Explanation:
Amount of interest need to paid is 30 day month
= 10000×(1.075)×30/360 = 60.42
Simple interest formula is
Interest for year is = 10000×7.5% = 750
Per month is = 750×30/360 = 60.42
<u>1. Basic savings account </u>
-allows ATM withdrawals
-allows money transfer
A savings account is an interest bearing deposit account held at a bank or other monetary foundation that gives an unassuming loan fee. The budgetary organizations may constrain the quantity of withdrawals you can make from your investment account every month. They additionally may charge expenses except if you keep up a specific normal month to month balance in the record. In most cases banks don't give checks investment accounts.
<u>2. CD
</u>
-offers a higher interest rate
-has a maturity date
A certificate of deposit is a consent to store cash for a settled period with a bank that will pay you premium. You can contribute for three months, a half year, one year or five years. You will get a higher loan fee for the more drawn out time duty. You guarantee to leave all the cash, in addition to the enthusiasm, with the bank for the whole term.
Basically, you are loaning the bank your cash as an end-result of premium. The CD is a promissory note that the bank issues you.
Answer:
c. Appreciate; Appreciate
Explanation:
Triangular arbitrage is the act of taking an opportunity resulting from a pricing discrepancy among three different currencies when the currency's exchange rates do not exactly match up
This cases are very rare and for a quite short period of time so there are very few traders who takes the advantange of them.
Lets study th given cases here:
A) NZ dollar Versus Mexican Peso
The exchage rate is 1NZ$= 2 Mexican Pesos (MXP)
But if we apply the triangular arbitrage:
1 NZ dollar = 0.3333 US$
and we know tha 1 US$= 7 Mexican Pesos (MXP
Then 1 NZ dollar = 0.3333* 7 MXP= 2.333 MXP
So the NZ dollar appreciates
B) MXP Versus U$S
The exchage rate is 1 MXP= (1/7) U$S
But if we apply the triangular arbitrage:
1 MXP = 0.5 NZ
and we know tha 1 NZ= 0.333 US$
Then 1 MXP = 0.5* 0.333 U$S= 0.166 U$S
So the MXP appreciates
I wholeheartedly agree and think it’s practically self-evident.
Here’s an excellent example from history.
For 28 years, the Berlin Wall separated East Berlin from West Berlin and was the most heavily militarized border crossing in the Western hemisphere. In 1989, during a press conference with western media, Gunther Schabowski was handed a note explaining a change in policy governing border crossing. Several discussions took place about making a show of opening the border between East and West Germany, but nobody informed Schabowski.
At the end of the press conference, he appears to have remembered the note belatedly, and read it verbatim—which was not what was intended. When asked about when the border would open, he assumed it was immediate.
The reality of course was that East Germany had no intention of opening the border, and certainly not immediately.
Within hours, the border crossing was practically buried under thousands of East Germans eager to be reunited with their families and other loved ones after 28 years on the press conference, which had been broadcast live.
The East Germans believed what they were told: Schabowski said immediately, and they intended to go immediately.
Border guards kept calling for instructions, until finally, they relented.
Perception became reality, and the border between East and West Berlin opened, spelling the de facto end of the separation of Germany.
273 viewsView 2 Upvoters · Answer requested by Never Wong
Related Questions (More Answers Below)
Answer:
Accounts receivable for 2019 = $590,000
Accounts receivable for 2018 = $570,000
Explanation:
The computation of accounts receivable for both years is shown below:-
2019 2018
Sales $7,906,000 $6,726,000
Accounts receivable
Beginning balance $600,000 $540,000
Ending balance $580,000 $600,000
Accounts receivable $590,000 $570,000
Working note:-
Average Accounts receivable for 2019 = ($600,000 + $580,000) ÷ 2
= $590,000
Average Accounts receivable for 2018 = ($540,000 + $600,000) ÷ 2
= $570,000
