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3 years ago

10

What is a major function of both retail and business banks?

1 answer:

IRISSAK [1]3 years ago

5 0

Answer:

C.

Explanation:

Retail banking is a banking system that deals directly with retail consumers. Retail banking is responsible for providing financial aid to the general population. The major function of retail banking includes providing financial aid, checking and savings accounts.

Business banks, on the other hand, are also a part of the banking industry. It specifically deals with corporates and businesses, ranging from small-sized businesses to large-sized corporates. The major function of corporate banking or business banking is also to provide financial aid, checking and savings accounts.

Therefore, option C is the correct answer.

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Answer:

If opportunity cost is 5%, PV=10,366.05

If opportunity cost is 6.5%, PV=9,934.19

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If opportunity cost is 5%: PV = $\frac{12,000 }{(1+0.05)^{3} }$ =10,366.05

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If opportunity cost is 11.5%: PV = $\frac{12,000 }{(1+0.115)^{3} }$ =8,656.79

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You write one MBI July 127 call contract (equaling 100 shares) for a premium of $12. You hold the option until the expiration da

ser-zykov [4K]

Answer:

The answer is "$400"

Explanation:

The price value of the exercise:

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The expiration date price value is:

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= $400

The Loss for the buyer: $\frac{\text{profit for the seller}}{\text{writer}}$

Hence profit for the writer = $400

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