₦airaland Forum

ElDeeVee:
Hi Cocolav

CoCoLav:
Hi Eldeevee

ElDeeVee:
Been a while; how have you been

CoCoLav:
I have been good and you?

CoCoLav:
I have been good and you?

ElDeeVee:
I've been good too

LastMumu:


[img]http://media.riffsy.com/images/c63f5dfadb30607bd5548d0de6e7e44a/raw[/img]

CoCoLav:
Nice to know

ElDeeVee:
Yea dear. Just checking up on you.

Be good and enjoy

LastMumu:
In my opinion, investing in the money market isn't much of a good idea as the market isn't doing well at the moment. Stanbic, ARM and FBN have the highest interest rates for MMF currently at an average of 9 - 10%, but considering the fact that inflation rate is currently hovering around 15%, this doesn't look much like a great investment.

I frustratingly yanked off the little investment I had with FBN two weeks ago or so, a lot of other investors are also pulling their money out of the market as well as rates are not lucrative enough. If you have any cash you want to invest, I would advise you throw into the real economy, invest in agriculture, transportation, start up a business or just anything aside MMF. Heck, even Treasury Bills is a better alternative right now to MMF. The thing tire me mehn.

adeaks:
Happy belated birthday Tolusan. May litigants never cease from your doorstep.

You and B***i should sha do quick so that I can eat wedding rice.

Mannylex:
Lolz Bro inflation affects everything not just money market, inflation is existent in the "real economy" itself at the moment.

Invest in transportation, agriculture? ? Not a bad idea, but not for a working class who is dependent on salary. I mean before you invest in those businesses, you must have attained a stable capital base and you and I both know you in invest with the returns of what you have invested in. So how does a salary earner just take his/her salary and throw into a business with unforseen risk, when not even at the liberty of having enough time to oversee it. ... Imagine investing in agriculture and being hit by a tomato "ebola"

Yeah I agree with you bro, it is the same dilemma I find myself right now.

walexsho:
I can see an army of Jobless youth here.. OMG

LastMumu:
This looks easy but it is not because everyone will arrive at a different answer. Let's see who will get the right answer first.

Amicable09 bought goods worth ₦200 and paid the
shopkeeper with a ₦1000 Note.

The Shopkeeper had no change on him so he
went to another Shopkeeper Lero15 his neighbour and collected ₦1000 change in ₦200 denominations, with which he settled Amicable09 and she left.

A little while later, Lero15 came back angrily after
he discovered the ₦1000 note he was given by the shopkeeper was fake, and demanded a replacement.

To avoid trouble, the shopkeeper had to give Lero15 another ₦1000 and destroyed the counterfeit which had no real value.

So Question for the geniuses…
How much has the Shopkeeper lost in total?

A. ₦1200

B. ₦2000

C. ₦1000

D. ₦1800

E. ₦2200

walexsho:
I can see an army of Jobless youth here.. OMG

Philomath1212:
C. #1000

davide470:
LastMumu... 2000NGN.

How you carry take get N2000 oga Davido?

LastMumu:
N1,000 you sure? How you take get am?

100% sure, I'm sorry I can't fail such a cheap brain teaser but to explain will be another time.


How you carry take get N2000 oga Davido?

LastMumu:
How you carry take get N2000 oga Davido?

LastMumu:
This looks easy but it is not because everyone will arrive at a different answer. Let's see who will get the right answer first.

Amicable09 bought goods worth ₦200 and paid the
shopkeeper with a ₦1000 Note.

The Shopkeeper had no change on him so he
went to another Shopkeeper Lero15 his neighbour and collected ₦1000 change in ₦200 denominations, with which he settled Amicable09 and she left.

A little while later, Lero15 came back angrily after
he discovered the ₦1000 note he was given by the shopkeeper was fake, and demanded a replacement.

To avoid trouble, the shopkeeper had to give Lero15 another ₦1000 and destroyed the counterfeit which had no real value.

So Question for the geniuses…
How much has the Shopkeeper lost in total?

A. ₦1200

B. ₦2000

C. ₦1000

D. ₦1800

E. ₦2200

Support your answer with analysis.

LastMumu:
This looks easy but it is not because everyone will arrive at a different answer. Let's see who will get the right answer first.

Amicable09 bought goods worth ₦200 and paid the
shopkeeper with a ₦1000 Note.

The Shopkeeper had no change on him so he
went to another Shopkeeper Lero15 his neighbour and collected ₦1000 change in ₦200 denominations, with which he settled Amicable09 and she left.

A little while later, Lero15 came back angrily after
he discovered the ₦1000 note he was given by the shopkeeper was fake, and demanded a replacement.

To avoid trouble, the shopkeeper had to give Lero15 another ₦1000 and destroyed the counterfeit which had no real value.

So Question for the geniuses…
How much has the Shopkeeper lost in total?

A. ₦1200

B. ₦2000

C. ₦1000

D. ₦1800

E. ₦2200

Support your answer with analysis.

davide470:
Lol. The shop keeper 'dashed' Lero #1000 and Amicable #800 Change and #200 goods worth.

So 2000NGN

Lol how him take dash Lero N1000?

If you give me N10,000 and I give you paper, then you come later in the evening to request for your N10,000, can't you see I technically borrowed the money from you, it wasn't a dash.

Jazmiynne:
C. 1000
I'd like to work under the assumption that the shopkeeper sourced for "change" with his own #1000 note BEFORE collecting amicable09's money. So I'm working on the premise that the money he gave to Lero15 is a good #1000 note that was thus changed by Lero into 200 notes.
Which means when amicable09 brings her fake #1000 (which in reality is valueless paper), the shop keeper has change and thus gives her #800 (first loss) change in return for her #200 (the second loss) purchase.
Hence, I'd say he lost #1000

Philomath1212:
correct
I can't type much jare..
we reason same way..
dunno how people get other figures tho

amicable09:
Lolz.
Why should we get 1000?
Did you follow me to the shop?

BTW lastmumu, this money palava is creepy sef. I think the shop keeper lost only the goods he sold . I've changed my mind.

Philomath1212:
lol
I've forgotten you're the buyer.
okay o, no finish all the goodies o.
I'm here.

Jazmiynne:
C. 1000

[s]I'd like to work under the assumption that the shopkeeper sourced for "change" with his own #1000 note BEFORE collecting amicable09's money. So I'm working on the premise that the money he gave to Lero15 is a good #1000 note[/s] that was thus changed by Lero into 200 notes. (No loss)

Which means when amicable09 brings her fake #1000 (which in reality is valueless paper), the shop keeper has change and thus gives her #800 (first loss) change in return for her #200 (the second loss) purchase.

Hence, I'd say he lost #1000