14-79 If in One Year There Is No Change to Either

question 86

Multiple Choice

14-79 If in one year there is no change to either interest rates or exchange rates,what is the end-of-year profit or loss for the bank? (Hint: Annual interest is paid on both the Canadian bonds and the CD on the date of liquidation in exactly one year.)

• A)Profit of US$ 20,000.
• B)Loss of C$ 224,000.
• C)Profit of US$ 50,000.
• D)Profit of C$ 63,700.
• E)Profit of US$313,000.

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Definitions:

Progressive Discipline System

A system of managing employee behavior by applying increasingly severe penalties for repeated offenses.

Heterozygosity

A measure of genetic variation within a population, indicating the presence of different alleles at a gene locus.

Homozygosity

A genetic condition where an individual has identical alleles at a gene locus on both homologous chromosomes, often leading to uniformity in certain traits.

Deleterious

Having a harmful effect or outcome, often used in the context of genetic mutations or environmental changes.