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BFB Bank believes the New Zealand dollar will appreciate over the next five days from $.48 to $.50. The following annual
Posted: Wed Apr 06, 2022 9:08 am
by answerhappygod
- Bfb Bank Believes The New Zealand Dollar Will Appreciate Over The Next Five Days From 48 To 50 The Following Annual 1 (284.02 KiB) Viewed 38 times
BFB Bank believes the New Zealand dollar will appreciate over the next five days from $.48 to $.50. The following annual interest rates apply: Currency Lending Rate Borrowing Rate Dollars .071 0.0621 New Zealand dollar (NZ$) 0.0604 .0725 BFB Bank has the capacity to borrow either NZ$10,000,000 or $4,700,000. If BFB Bank's forecast if correct, what will its dollar profit be from speculation ove the five-day period (assuming it does not use any of its existing consumer deposits to capitalize on its expectations)? Your Answer: