Certificate of Deposit

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Question: can anybody help me with this hw on economics??

Im supposed to find the following information:
I need to choose a bank and write the following stuff about it..
i chose citizens bank, ( from california)
FIND INFO: current rate on NOW accounts, savings accounts, one year certificates of deposit(CDs), is there a minimum balance required for those type accounts, credit card interest rates on new accounts, interest rate charged on used car loans and interest rate charged on new car loans.

Thanks so much!! please help me with this..!!!

Answer: the simple way would be to go to the bank in person and on eh counter they should have free ads spelling out all of this figures!!! pick up a copy and your homework is complete!!!!

Khavari for Governor – Bank of the State of Florida

Question: ♥||plz plz plz help me solve these. DONT GIVE ME THE FULL ANSWER; JUST THE STEPS.?

How much pure acid should be mixed with 4 gallons of a 50% acid solution in order to get an 80% acid solution?

On a road trip, five friends drove at 55 miles per hour to California. On the way home, they took the same route but drove 70 miles per hour. How many miles did they drive on the way to California if the round trip took 10 hours?

Kevin invested part of his $10,000 bonus in a Certificate Of Deposit that paid 6% annual simple interest, and the remainder in a mutual fund that paid 11% annual simple interest. If his total interest for that year was $900, how much did Kevin invest in the mutual fund?

Sally is making a cover for a round table. When finished, the cover will fit exactly with no excess hanging off. Sally has to cut the fabric circle with a 4 inch larger diameter than the table to allow for hemming. If the table has a diameter of 70 inches, how much fabric does Sally need? (Use 3.14 for pie. Round to 2 decimal places.)

thnks.

Answer: 1.
(4 gallons) x (50% concentration) + (?gallons) x (100% concentration) = (4+? gallons) x (80% concentration)

let 50% = 50 this is allowed as all of this is relative
and let ? = X

4×50 + 100X = 80(4+X)
200 +100X = 320 + 80X
20X = 120
……………

if you let 50% = 0.5 it would produce the same answer

2008 Mexico Immersion

Question: What is the liquidity of the following assets?

List them in decreasing order. (Most liquid to least liquid)

a) gold bars, b) A portfolio of diversified stocks c) checking account d) a house e) Certificate Of Deposit f) savings account.

If you think any assets are equal liquidity, please explain why.
Which of the about would be the WORST store of value? Why?

Answer: Liquidity is the ability to turn an asset into cash quickly and cheaply see the link below for a definition. So the most liquid asset on your list is 1) a checking account, followed by 2) a savings account, 3) a Certificate Of Deposit, 4) a portfolio of stocks, 5) gold bars, and lastly, 6) a house. Reasons: 1) a checking account can be used like cash at most stores with proper id and cashed at a large number of locations including ATMs; 2) a savings account can be immediately accessed by going to the bank that holds the account when they are open or via an ATM; 3) a CD is like a bank account, but involves penalties and cannot be accessed by ATM; 4) a stock portfolio can be sold within minutes but you will pay a commission, normally a fraction of 1%, and access to the cash usually involves a wire transfer or even slower transfer of funds; 5) selling gold bars is a very specialized transaction with a limited number of buyers and implies physical transfer of the assets, which takes time and a commission or discount of several percent for the buyers; and 6) selling a house is not a fast process; even if a willing buyer is standing in front of you (in reality this part of the process by itself takes several months) and closing escrow on a real estate deal is a long process, which normally takes 60 to 90 days as well as a 6% commission for the realtor plus other selling costs.

“Store of value” is not really the same as “liquidity”. If you equate the two, then a house is the worst store of value.