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Exam Bank

Mathematics in the Financial Industry

Examination Island Savings & Loan, which most people just call the Exam Bank for short, provides a wide variety of financial services to residents of the island. Customers can open savings accounts and take out loans as the name would suggest, but they can also trade stocks, get credit cards, and even store valuables in safety-deposit boxes.

After standing in line for a few minutes, you finally make it to the counter to talk to a teller. He says, "Welcome to Examination Island Savings & Loan! How can I help you?"

You're here because you'd like to learn more about mathematics and discuss how math is used in the financial industry.

"Uh, that's a little... broad. I'm not sure I can help you with that. Do you have an account with us?"

You aren't quite sure how to respond to that. Just as you're about to leave, the bank manager comes up to you and says, "You're studying for the URA, right? Sorry about that, he's new in town. How about we talk in my office?"