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Compile short-term deposit rates offered by at least six Australian banks

Deposit rates
1. Compile short-term deposit rates offered by at least six Australian banks. [ 4 marks ]
2. Are all banks offering the same rate and compounding frequency? If not, elaborate in a table format. [ 5 marks ]
3. Calculated the effective annual rate for each bank. [ 5 marks ]
4. Which bank will you prefer in the above alternatives? [ 3 marks ]
5. Why different banks do not have same compounding period? [ 4 marks ]

Nov 23 2019 Read more Less More

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