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Who owns a credit union? Explain.
The term Credit unions are owned by their members. While credit union members put money in their credit union, they are not exactly "depositing" the money. In place of, they are purchasing shares of the credit union. Generally, credit unions exist to pay interest on shares bought by, and collect interest on loans made to, the members.
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Presently, the spot exchange rate is $1.50/£ and the three-month forward exchange rate is $1.52/£. The three-month interest rate is 8.0% per year in the U.S. and 5.8% per year in t
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what is the criteria for a good international financial system
At 31 July 2010 this instrument meets the definition of a derivative: Small or no initial investment. Its value is dependent on an underlying economic item; exchange ra
a. Talk about the role of banking in business. b. Set out the precise role played by Investment Banking and the challenges of corporate governance.
Q. Explain Present Value of a Series of Cash Flows? Present Value of a Series of Cash Flows: - In a business circumstances it is very natural that returns received by a firm ar
HOW TO CALCULATE ASSESSED BANK FINANCE
Q. Show the benefits of JIT? Additionally to a higher price and quicker settlement by its major customer such a JIT agreement offers several benefits to the supplier of goods.
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