Exercise 11 · 15 min

Four interest-rate families

Time: 20 to 25 minutes · You'll need: a calculator (or a spreadsheet) · Builds on: Lessons 8 and 11

Warm-up

Check yourself

Which family's borrow rate can change while cash and borrows stay exactly the same, without anyone touching the vault?

Check yourself

What does finalizing an Euler vault fix?

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