B. Your banker is not aware of your of your other long term financial goals
Answer:
Visualize and organize your thoughts.
Explanation:
Answer:
It's Best to Pay Your Credit Card Balance in Full Each Month
Explanation:
Leaving a balance will not help your credit scores—it will just cost you money in the form of interest. Carrying a high balance on your credit cards has a negative impact on scores because it increases your credit utilization ratio.
Answer:
I should invest in dollar deposits.
Explanation:
Current exchange rate is 1 euro = $1.08
Assuming I have y euro, the equivalent in dollar is $1.08y
Rate of return on dollar deposit = 2% = 0.02
Return on investment = $1.08y + (0.02 × $1.08y) = $1.08y + $0.0216y = $1.1016y
Rate of return on euro deposit = 1% = 0.01
Return on investment = y euro + (0.01 × y euro) = y euro + 0.01 y euro = 1.01y euro = 1.01y × $1.08 = $1.0908y
I should invest in dollar deposits because the return on investment is greater than euro deposits.
