Answer:
interest rate parity
(0.8/1) * (1.4*3/12)/(1.25*3/12) = 0.8
Hence It is proved that interest rate parity does not hold because the vale of forward contract is $0.79/CD.
Answer:
jhgiojhugfvcpokjhgfuhjkm,l;/;.l,kmjbh
Explanation:
Answer:
a. Deposit in transit $5,500.
This is <em>added to the balance on the bank statement</em> because it has already been added to the books of the company but it is yet to be processed by the bank.
b. Bank service charges $25.
<em>Deducted from the book balance</em> because the bank has already deducted this charge from the company's bank account so the company needs to do the same in its books.
c. Interest credited to Horton’s account $31.
<em>Added to the book balance</em> because this is interest earned on the account from the bank. The bank has therefore already added it to the company's bank account and so the company needs to add it to their books.
d. Outstanding checks $7,422.
<em>Deducted from the balance on the bank statement</em> because the company issued a check from their account but it has not be debited from the bank account yet but has been recorded in the books.
e. NSF check returned $377.
<em>Deducted from the book balance. </em>
Hi there.
None of the answers here fit in so i would answer you to the best of my knowledge.
Answer:
Increase; increasing
Explanation:
In reducing the lending rate of banks by the Bank of Israel, bank reserves will increase as the bank's reserves as lesser amounts will be lent out. Also, consumption will increase as a result of this lowered lending rate which in itself is a goal of lending rate reduction.
By reducing the lending rate also, the thought of inflation has been taken care of as well. This helps to keep the economy financially stable as much as possible during the global financial turmoil
Cheers