1. For the country of Chad provide the type of exchange rate system the country uses, define that system, list advantages and disadvantages of that system and provide a brief explanation as to why that country uses their selected system.
2. Money invested in a certificate of deposit grew from $43150.70 to $44121.59 in five months. What was the interest rate in percent form to the nearest tenth?
3. Consider two bonds, a 3-year bond paying an annual coupon of 7.00% and a 10-year bond also with an annual coupon of 7.00%. Both currently sell at a face value of $1,000. Now suppose interest rates rise to 12%.