A US Bank Converted $1 Million to Swiss Francs to Make

question 20

Multiple Choice

A U.S. bank converted $1 million to Swiss francs to make a Swiss franc loan to a valued corporate customer when the exchange rate was 1.2 francs per dollar. The borrower agreed to repay the principal plus 5 percent interest in one year. The borrower repaid Swiss francs at loan maturity and when the loan was repaid the exchange rate was 1.3 francs per dollar. What was the bank's dollar rate of return?

• A)26.00 percent
• B)−2.69 percent
• C)7.14 percent
• D)−3.08 percent
• E)5.00 percent

Understand the processes involved in the hydrologic cycle and identify which are not part of it.

Explain how dissolved phosphorus in aquatic ecosystems can return to land.

Describe the trophic levels within a food chain.

Understand the role of photosynthetic organisms in carbon fixation.

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Definitions:

Los Angeles

A major city in the state of California, USA, known for its significant influence in entertainment, culture, media, and international trade, as well as being a major hub for immigration.

Tijuana

A border city in Mexico, adjacent to San Diego, California, known for its vibrant culture, commerce, and as a gateway between the U.S. and Mexico.

World Trade Organization

An international organization designed to supervise and liberalize world trade, addressing global trade laws and regulations.

Protesters

Individuals or groups that publicly demonstrate opposition to policies, actions, or events, often as part of social, political, or environmental movements, using methods like marches, sit-ins, or picketing to express their dissent.