Chance Bank expects that the Singapore dollar will depreciate against the U. S. dollar from its spot rate of $0.44 to $0.43 in 60 days. The following interbank lending and borrowing rates exist: CURRENCY LENDING RATE BORROWING RATE U. S. Dollar 7% 7.1% Singapore Dollar 21% 23% Chance Bank considers borrowing 10 million Singapore dollars in the interbank market and investing the funds in U. S. dollars for 60 days. Estimate the profits (losses) that could be earned from this strategy. Should Chance Bank pursue this strategy

1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)