4 Assume that Russian interest rates are much higher than UK interest rates. Also assume that interest

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4 Assume that Russian interest rates are much higher than UK interest rates. Also assume that interest rate parity (discussed in Chapter 7) exists. Would you expect the rouble to appreciate or depreciate?

Explain.

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Exploring Economics

ISBN: 9780324395464

4th Edition

Authors: Robert L. Sexton

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