Bank of New York is short 20 million to meet its required reserve requirement. To cover it, Bank of NY borrows the shortage from Chase bank for three days The interest rate that Chase will charge Bank of NY is called the discount rate federal funds rate O prime rate bank-to-bank rate QUESTION 14 Marissa owns two stocks: She bought 100 shares of Roblox at 77 and sold it at 105. She also bought 100 shares of Game Stop at 210 and sold it at 170. What is Marissa's total return? 4.1% 21.3% 55.41% 17.31% QUESTION 15 Which statement is true with regard to APY? It is the rate of return that lenders demand for the ability to borrow their money. Interest rates on credit cards are quoted in APY The APY is interest paid on a auto or student loan. The APY is the interest rate earned in a bank or credit union from a savings account. QUESTION 8 Discretionary income is calculated by subtracting all of the following items except A weekend trip to Miami O Disposable Income O Health Insurance O Groceries at the supermarket QUESTION 9 Compound interest is: O calculated by multiplying the daily interest rate by the principal by the number of days that elapse between payment O determined by multiplying the daily interest rate by the total amount of the loan Is interest gained on interest already earned. O None of these