loans offered by the Republic of Stars government
loans offered by the Republic of Stars government
Hi, the Republic of Stars government has decided to give loans to other nations on Micras. So if you need a loan contact the president through pm to discuss the loan amount and interest rate. Thank you.
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Re: loans offered by the Republic of Stars government
Two questions:
-What currency are you lending in? SCUE Currency or SCX Credits?
-How are you determining interest rates?
-What currency are you lending in? SCUE Currency or SCX Credits?
-How are you determining interest rates?
""YJD: Een Recwar is prima zolang Bijaro niet deelneemt."
Re: loans offered by the Republic of Stars government
I am offering the loans out in scue units and I determine the rates based on how long it takes to be paid back and what type of financial situation the nation that is borrowing the money is in.
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Re: loans offered by the Republic of Stars government
Hmm. Interest rates should first reflect the value of the currency, and then perhaps things like the length of loan and financial standing of the person requesting the loan. So I ask you: What do you judge to be the value of SCUE currency?
To be realistic, and to derive realistic interest rates, you would probably need to base the value of the money you're lending on the value of the SCX credit, which derives its value from the amount of money currently invested in the SCX. It would probably be simpler (from an accounting perspective, if nothing else,) if you instead chose to loan SCX credits, rather than SCUE currency.
To be realistic, and to derive realistic interest rates, you would probably need to base the value of the money you're lending on the value of the SCX credit, which derives its value from the amount of money currently invested in the SCX. It would probably be simpler (from an accounting perspective, if nothing else,) if you instead chose to loan SCX credits, rather than SCUE currency.
""YJD: Een Recwar is prima zolang Bijaro niet deelneemt."
Re: loans offered by the Republic of Stars government
Circa one erb.Duke Sinclair wrote:Hmm. Interest rates should first reflect the value of the currency, and then perhaps things like the length of loan and financial standing of the person requesting the loan. So I ask you: What do you judge to be the value of SCUE currency?
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- Posts: 657
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Re: loans offered by the Republic of Stars government
How is the value of the erb determined?
""YJD: Een Recwar is prima zolang Bijaro niet deelneemt."