Question
Will you be willing to lend RM20,000 directly to your friend who is willing to pay you an annual interest of 5%? Or will you
Will you be willing to lend RM20,000 directly to your friend who is willing to pay you an annual interest of 5%? Or will you prefer to save that RM20,000 in a bank that pays you an annual interest of 2% and ask your friend to borrow from the bank instead? Explain why or why not.
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts
10th Edition
1260013820, 978-1260013825
