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American Express and Chase are the two most popular credit card rewards programs, but choosing one can be overwhelming. Comparing Amex points vs Chase points can help you find the right one for ...
Excel maintains 15 figures in its numbers, but they are not always accurate; mathematically, the bottom line should be the same as the top line, in 'fp-math' the step '1 + 1/9000' leads to a rounding up as the first bit of the 14 bit tail '10111000110010' of the mantissa falling off the table when adding 1 is a '1', this up-rounding is not undone when subtracting the 1 again, since there is no ...
There is a market convention that rules the notation used to communicate the fixed and variable currencies in a quotation. For example, in a conversion from EUR to AUD, EUR is the fixed currency, AUD is the variable currency and the exchange rate indicates how many Australian dollars would be paid or received for 1 euro.
To record the receipt of 5 million euros at the forward rate of $1.26 = $1 U.S. dollar. In this transaction, there is no difference that arises as the sale of goods in a foreign currency and forward contract are effectively treated as one transaction. Here the rate of $1.26 = $1 U.S dollar is used throughout the recording of both transactions.
A fixed rate will usually be a bit more expensive than a variable rate since it’s a higher risk for the bank. However, if interest rates are currently relatively low, like they were from 2020 to ...
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Mehta and his brothers were arrested by the CBI on 9 November 1992 for allegedly misappropriating more than 2.8 million shares of about 90 companies through forged share transfer forms. The total value of the shares misappropriation was placed at ₹ 250 crore (equivalent to ₹ 19 billion or US$230 million in 2023). [ 16 ]