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You Have Taken 3-Month (92 Days) Deposits of CAD 12,000,000

question 99

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You have taken 3-month (92 days) deposits of CAD 12,000,000.00 at 1.10% and CAD 6,000,000.00 at 1.04%. Minutes later, you quote 3-month CAD 1.09-14% to another bank. The other dealer takes the CAD 18,000,000.00 at your quoted price. What is your profit or loss on this deal?


Definitions:

Neurons

Specialized cells in the nervous system that transmit information to other nerve cells, muscle, or gland cells.

Glia

Non-neuronal cells in the nervous system that provide support and protection for neurons, playing critical roles in brain function.

Electrical Charge

A physical property of matter that causes it to experience a force when placed in an electromagnetic field.

Millivolts

A unit of electric potential equal to one-thousandth of a volt, commonly used in measuring small voltage differences.

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