Banks pay their customers interest on the money in their accounts for what reason? a. that money earns interest when the bank loans it out. b. they are sharing the bank's profits instead of paying dividends. c. the government sets a minimum interest rate for customers. d. they want to keep their customers happy so they'll be loyal.
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Consider 8.5 percent swiss franc/u.s. dollar dual-currency bonds that pay $666.67 at maturity per sf1,000 of par value. it sells at par. what is the implicit sf/$ exchange rate at maturity? will the investor be better or worse off at maturity if the actual sf/$ exchange rate is sf1.35/$1.00
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What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?
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