You can borrow $25,000 at 1% interest for 1 year. The exchange rate for Australia is 1.25AUS/1US. The Australian Treasury is offering 2.5% risk free investments. What is the total profit you can make in 1 year?
A) $625
B) $450
C) $250
D) $375
E) $425
D
Business
You might also like to view...
What is the basic assumption behind value-based pricing?
a. Consumers are more concerned about price than quality. b. Additional long-term costs to manufacturers will increase. c. Increased profitability for wholesalers will increase the number of services they are willing to perform. d. The firm is both customer-driven and competitor-driven.
Business
A(n) ______ business strategy is typically a combination of deliberate and emergent strategy initiatives. (Remember to place only one word in the blank.)
a. unrealized b. realized
Business