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- Which i s an ordinary asset? *Your older sister is planning on saving money by paying her bills, spending money onfun, and then saving whatever is left over. Why is this not the best option for saving hermoney?If you are a banker and expect interest rates to rise inthe future, would you prefer to make short-term loansor long-term loans?
- Q. 2. Salma receives $1,00 as a gift on her tenth birthday. She decides to invest it in a 5- year-CD whose proceeds she plans to use when fifteen as down payment to huy her first car. She has heard that credit unions usually pay higher interests than banks. She can invest with one of the two local credit unions; one afiliated to her father's company and the other to her mother's. The former offers 12.5% interest per year compounded unnually, while the latter 12% per year compounded monthly. Which credit union should she invest with?Corry has an income of $80,000 that he is willing to spend over a year. If his bank account's interest rate is 3.05% and the cost associated for him to visit the bank is $5.00. What is Corry's average money holding? O a. $488.00 O b. $2,560.74 O c. $5,000.00O O d. $16.00 O Type here to search 24An asset is -- o anything with value that you want to own o anything with value that you own O anything with value that you've already sold o anything with no value that you own
- How much money do you have to put into a bank account that pays 10% interest compounded annually to have 10,000 in ten years?1. Why does money has intrinsic value? 2. Why does currecy has no intrinsic value?7. The consumer's average money holdings decreasing with the time spent between bank withdrawals. A. True B. False Discuss ges ron
- 7. What economic functions do financial intermediaries perform?Suppose you are in charge of the financial departmentof your company and you have to decide whether toborrow short or long term. Checking the news, yourealize that the government is about to engage in amajor infrastructure plan in the near future. Predictwhat will happen to interest rates. Will you advise borrowing short or long term?Calculate the equity each of these people has in his or her home: Fred just bought a house for 200,000 by putting 10 as a down payment and borrowing the rest from the bank. Freda bought a house for 150,000 in cash, but if she were to sell it now, it would sell for 250,000. Frank bought a house for 100,000. He put 20 down and borrowed the rest from the bank. However, the value of the house has now increased to 160,000 and he has paid off 20,000 of the bank loan.