Which of the following is true concern concerning


1. Which of the following is true concern concerning fractional reserve banking in the U.S?

2. A bank account compounds interest daily. How much interest will be earned on a $100 deposit at a 5% interest at the end of one year?

3. The existing spot rate of the Canadian dollar is $.85. The premium on a Canadian dollar put option is $.04. The exercise price is $.87. The option will be exercised on the expiration date if at all. If the spot rate on the expiration date is $.83, the profit per unit is:

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Financial Management: Which of the following is true concern concerning
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