The jpy/aud spot exchange rate is 82.42, the jpy interest rate is 0.15%, and the aud interest rate is 4.95%. if the interest rates are quoted on the basis of a 360-day year, according to the interest rate parity, the 90-day forward points in jpy/aud would be closest to: a. –377.0. b. –97.7. c. 98.9.

How can a poor housing market put home buyers in a financially unstable position? a. changing property values means it’s easier to find homes with low rental costs. b. when the home value decreases, property taxes and insurance costs increase. c. houses are valued lower than their purchase prices, so the home equity decreases. d. home buyers lose all tax benefits and tax incentives when the housing market goes down. e. mortgage payments can increase even though the home value decreases.

Which of the following best describes a fractional reserve banking system? a. a banking system in which a large portion of the bank's assets are digital money rather than bills and coins. b. a banking system in which banks keep a portion of deposits on hand to satisfy their customer's demands for withdrawals. c. a banking system in which banks have only partial control over the interest rates they charge on loans. d. a banking system in which net worth is calculated by subtracting a fraction of liabilities from assets. 2b2t

What does the phrase limited liability mean in a corporate context?