Minesotta bank has a local subsidiary, which requires $75,000 cash every week. It uses $safe armored trucks service for cash delivery. Service company charges $400 for each delivery.
Minesotta bank has a local subsidiary, which requires $75,000 cash every week. It uses $safe armored trucks service for cash delivery. Service company charges $400 for each delivery. In order to send cash to its subsidiary, the bank has to liquidate part of its securities portfolio which generates 15% annual return. How many armored truck […]