Working capital refers to a firm's long-term capital

You have just placed $500 in a bank account that earns an annual rate of return of 6%. How much will you have in that bank account after 6 years?

A) $652.48 B) $709.26 C) $787.66 D) $758.66 E) $801.68

A letter of credit that is confirmed in the ________ country has the additional advantage of eliminating the problem of ________

A) exporter's; portfolio risk B) importer's; blocked foreign exchange C) exporter's; blocked foreign exchange D) none of the above