What are the effects of severe inflation

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1. What are the effects of severe inflation? Are their any positive effects (think about debt)? What are your thoughts about the U.S. Economic Inflation/Collaspe?

2. Explain the primary use of funds by commercial banks versus savings institutions?

3. For a loan with four-year maturity, semiannual interest payments, an 8% annual interest rate, $1,000 face amount, what is Macaulay’s duration at a yield of 9%?

Reference no: EM131997785

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