Chapter 19, Problem 1BIC

For each of the following, identify in which part of the Egyptian balance-of-payments account it appears and whether it is a receipt or payment: (4 marks) A $50 million gift from Saudi Arabia An American's purchase of Oriental Weavers rugs. Bank Misr borrowing from a bank in Switzerland. A Swiss family decided to spend their vacation in Luxor & Aswan

Following are the card rates announced by the dealing room at 9.00am in the morning          Cheques   Selling Rate Buying Rate USD 44.90 43.60 Euro 54.05 52.55         Foreign Currency notes   Selling Rate Buying Rate USD 45.10 43.40 Euro 54.30 52.30 What rate will you apply for a Euro gift received by the resident from his relative in Germany? a. 52.30 b. 52.55 c. 54.30 d. 54.05

Evaly, an e-commerce company in Bangladesh, has been in the news for the last few months for its delinquency in delivering customers' orders. Evaly has liabilities of 543 crore Taka against assets of 121 crore Taka. In your opinion, should the Bangladesh Bank intervene? Why, or why not? Please explain your rationale.   Note: Please answer shortly using concepts of finance

Please contemplate the following scenarios and answer accordingly.a. Islamic banking has entered into Murabaha transaction with Mr. Daghabaaz. Mr. Daghabaaz defaulted on payments of installment later and IB charged accordingly provision as per the aging of receivable. However, Mr. Daghabaaz contacted bank to request a rollover on said transaction to avoid blacklisting.Requirement:         As an Islamic Banker, do you think IB can charge any penalty for late payment to Daghabaaz and grant rollover facility.

Differentiate between Riba-al-Nasia and Riba-al-Fadl with examples of each. What is the role of Market Practice in Riba? During COVID-19, following economic relief packages were delivered by different states. Ehsaas Emergency Cash program has been launched by the Prime Minister of Pakistan on April 1, 2020. United States issued $1200 checks to Americans. The UK government committed £30 billion to saving jobs and helping the young find work in an economy ravaged by the corona virus pandemic. Do you find any type of Riba involved in any of these packages? If yes, which one? How? (you can explore the details of these packages).

If a French citizen deposits $10,000 in Chase Bank inNew York, have Eurodollars been created? What if the deposit is made inBarclays Bank in London? Chase’s Paris branch? Does the existence of theEurodollar market make the Federal Reserve’s job of controlling U.S. interest rates easier or more difficult? Explain.

Osborne Shipbuilding Company, located in Baton Rouge, receives large remittances from its customers in New York and California. If the firm deposits these checks in its local bank, two business days are required for the checks toclear and the funds to become usable by the firm. However, if Osborne sends an employee to New York or Californiaand presents the check for payment at the bank upon which it is drawn, the funds are available immediately to thefirm. The firm can earn 8% per annum on short-term investments, and the cost of sending an employee to New Yorkor California to present the check for payment is $500. What is the net benefit to the firm of employing this specialhandling technique for a $5 million check received on Tuesday? (Assume 365 days per year.)

Assume that a US citizen collected $4,500 in interest from a US denominated account in a French bank in France, then the interest payment will be reported as credit in the capital account. True False

If an American purchases a ticket from Scandinavian Airlines, paying by a personal check, which of the following entries would be the result? Group of answer choices a. a credit in Norway's service account b. a debit in Norway's service account c. a credit in the U.S. unilateral transfers account d. a debit in the U.S. unilateral transfers account