How Much Wealthier Would You Be One Year from Now

question 73

Multiple Choice

How much wealthier would you be one year from now if you exchange $100,000 (U.S.) into Hong Kong Dollars today at an indirect rate of HK$7.8/$, earn 7% on your Hong Kong investment, and exchange back at a rate of HK$8.0/$, as compared to investing in the U.S.at 4.0%?

• A)$(2,600)
• B)$325
• C)$2,000
• D)$5,744 $100,000 x 7.8 = HK$780,000
• HK$780,000 x 1.07 = HK$834,600
• HK$834,600/8.0 = $104,325
• Compared to: $100,000 x 1.04 = $104,000,

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Definitions:

Low Energy

A state characterized by a lack of physical or mental energy, often resulting from fatigue, illness, or stress.

Feelings of Guilt

Emotions experienced when an individual believes they have done something wrong or against moral codes.

Poor Concentration

A state of difficulty in focusing one's attention consistently on a given task or activity.

Hopelessness

A feeling or state in which a person perceives little or no optimism about the future or their ability to achieve their goals.