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If Sally nominal interest rate is 5 percent and she has 15 percent probability of having cash lost and she spends 10 dollars each day and has the total cost of holding cash=(365/T)+T. What is her cost of going to the ATM?
If the cost of going to the ATM is $1, the nominal interest rate is 5 percent, john spends 10 each day and has the total cost of holding cash=(365/T)+T. What is the probability of having his cash lost or stolen.
Sally cost of going to the ATM is $1.50, she has 12 percent probability of having cash lost or stolen . She spends 5 each day. If total cost of holding cash =(547.50/T) + (0.375*T). what is the nominal interest rate
This document contains various important questions and their appropriate answers in the subject field of Economics.
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