"I'm going on maternity leave for the next 8 months and I'm leaving
you in charge of lending policy. Every month you'll get an economic
headline. Your job: figure out where the market for loanable funds
is heading, then set our lending rate and loan volume to match.
The right rate and volume means maximum revenue. Too high on the
rate and borrowers go to Chase. Too low and we leave margin on the
table. Wrong on volume and we're either turning people away or
sitting on idle cash.
Our mascot Mango has opinions. Use them as you see fit.
😼"
Carlene, Branch Manager
The interest rate is set where the supply of loans meets the demand
for loans. This meeting point is called the
equilibrium.
When the economy changes (based on the monthly headline), this
equilibrium moves.
Tap the chart to place the new equilibrium. The vertical axis is the
interest rate, and the horizontal axis is loan volume. The closer
your forecast is, the more revenue the bank earns.
😼
Mango, Bank Mascot "Set the rate too high, borrowers walk to Chase. Too low, we
leave margin on the table. Undershoot volume, we turn people away.
Overshoot, idle cash. Overshooting the rate and undershooting the
volume hurt more. That's the job."
🏦 Mango Community Bank & Trust
Month 1 of 8
Month 1
Bank Revenue: $0
📰 Economic Headline
Loading...
😼Ask Mango▼
😼Mango says...▲
...
Tap the chart where you forecast the new equilibrium rate will be
(where supply and demand will meet) this month.
🐱
Monthly Revenue
$0
😸
🏦 Mango Community Bank & Trust
8-Month Review · Carlene is Back
🏆
Branch of the Year
Total Bank Revenue
$0
across 8 months · max possible: $4,000,000
👩🏽🦱 Carlene wants to know
In one sentence, what was the most valuable lesson learned?
Take a screenshot of this page and upload it to Brightspace. Intern
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