Which of the following factors has the greatest impact on your credit score?
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You earn 4,000 per month. You spend2,800 on living expenses, save 800, and pay400 towards debt (200 interest payment,200 principal repayment). Your net worth has increased by:
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George deposits $5,000 in a bank account. If reserve ratio is 20%, what is the maximum amount the bank may lend based on this deposit?
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Betty invests 15,000 in an asset. There is a 50% probability that the asset will generate a cashflow of15,000 at the end of Year 1. If the Year 1 cashflow occurs, there is a further 50% probability of receiving an additional $15,000 cashflow at the end of Year 2. Assuming a 5% discount rate, what is
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What is the primary role of commercial banks in the economy?
