Which deposit have given us resident a higher return, Microeconomics

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Which deposit have given us resident a higher return

A U.S. resident can earn 6 percent interest on a one-year bank deposit of $100,000 at home. Alternatively, she can convert the $100,000 into euros and earn 4 percent on a one-year bank deposit in Germany. If the exchange rate is initially 1.5 euros per dollar and then changes to 1.45 euros per dollar in one year, which deposit would have given the U.S. resident a higher return ?

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Microeconomics: Which deposit have given us resident a higher return

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Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : What is the annual carrying cost per unit

Q : Sources of power and organizational politics

Q : What market is saying about target''s future

Q : Determining the net income of firm

Q : Which deposit have given us resident a higher return

Q : Best describes prototyping as used in practice

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Which deposit have given us resident a higher return

Reference No:- TGS045515

Recent Questions Asked Microeconomics

Q : What is the annual carrying cost per unit

Q : Sources of power and organizational politics

Q : What market is saying about target''s future

Q : Determining the net income of firm

Q : Which deposit have given us resident a higher return

Q : Best describes prototyping as used in practice

Q : Duration and the amount of coupon interest

Q : In which directions are pushing or pulling us economy

Q : Common stockholders in the event of bankruptcy

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