Chapter 4 Financial mathematics. Money markets Match the country with the currency EUR USD GBPINR...
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Transcript of Chapter 4 Financial mathematics. Money markets Match the country with the currency EUR USD GBPINR...
![Page 1: Chapter 4 Financial mathematics. Money markets Match the country with the currency EUR USD GBPINR AUD CAD CHF CNY MYR DKK PLN JPY KWDBRL.](https://reader036.fdocuments.net/reader036/viewer/2022082817/56649e5c5503460f94b54b24/html5/thumbnails/1.jpg)
Chapter 4
Financial mathematics
![Page 2: Chapter 4 Financial mathematics. Money markets Match the country with the currency EUR USD GBPINR AUD CAD CHF CNY MYR DKK PLN JPY KWDBRL.](https://reader036.fdocuments.net/reader036/viewer/2022082817/56649e5c5503460f94b54b24/html5/thumbnails/2.jpg)
Money markets
![Page 3: Chapter 4 Financial mathematics. Money markets Match the country with the currency EUR USD GBPINR AUD CAD CHF CNY MYR DKK PLN JPY KWDBRL.](https://reader036.fdocuments.net/reader036/viewer/2022082817/56649e5c5503460f94b54b24/html5/thumbnails/3.jpg)
Match the country with the currency
EUR
USD
GBPINR
AUD
CAD
CHF
CNY
MYR
DKK
PLN
JPY
KWD BRL
![Page 4: Chapter 4 Financial mathematics. Money markets Match the country with the currency EUR USD GBPINR AUD CAD CHF CNY MYR DKK PLN JPY KWDBRL.](https://reader036.fdocuments.net/reader036/viewer/2022082817/56649e5c5503460f94b54b24/html5/thumbnails/4.jpg)
Is the money market ethical?
![Page 5: Chapter 4 Financial mathematics. Money markets Match the country with the currency EUR USD GBPINR AUD CAD CHF CNY MYR DKK PLN JPY KWDBRL.](https://reader036.fdocuments.net/reader036/viewer/2022082817/56649e5c5503460f94b54b24/html5/thumbnails/5.jpg)
When you exchange currency using a trading company, some don’t charge a fee.
Exchange rate1 GDP = 1.18725
Sell rate 1.1263 Buy rate 1.2872
How does it work?
So exchanging currency doesn’t have to cost anything.
Is this true?
![Page 6: Chapter 4 Financial mathematics. Money markets Match the country with the currency EUR USD GBPINR AUD CAD CHF CNY MYR DKK PLN JPY KWDBRL.](https://reader036.fdocuments.net/reader036/viewer/2022082817/56649e5c5503460f94b54b24/html5/thumbnails/6.jpg)
Banking
![Page 7: Chapter 4 Financial mathematics. Money markets Match the country with the currency EUR USD GBPINR AUD CAD CHF CNY MYR DKK PLN JPY KWDBRL.](https://reader036.fdocuments.net/reader036/viewer/2022082817/56649e5c5503460f94b54b24/html5/thumbnails/7.jpg)
What is interest?
Why do you earn it? Why do you pay it?
![Page 8: Chapter 4 Financial mathematics. Money markets Match the country with the currency EUR USD GBPINR AUD CAD CHF CNY MYR DKK PLN JPY KWDBRL.](https://reader036.fdocuments.net/reader036/viewer/2022082817/56649e5c5503460f94b54b24/html5/thumbnails/8.jpg)
Inflation
![Page 9: Chapter 4 Financial mathematics. Money markets Match the country with the currency EUR USD GBPINR AUD CAD CHF CNY MYR DKK PLN JPY KWDBRL.](https://reader036.fdocuments.net/reader036/viewer/2022082817/56649e5c5503460f94b54b24/html5/thumbnails/9.jpg)
Inflation is a measure of how prices are rising
Cost in 1980 in the UK: 0.33 GDP
If the inflation rate had been 2.8% since then, what would the price be today?
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During 1980, the rate of inflation in the UK peaked at 21.9%.If that had been the rate since then, how much would a loaf of bread cost today?