If a euro deposit in a bank in France earns interest of 4 percent a year and

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If a euro deposit in a bank in France earns interest of 4 percent a year and a yen deposit in Japan earns 0.5 percent a year, other things remaining the same and adjusted for risk, what is the exchange rate expectation of the Japanese yen?

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Macroeconomics

ISBN: 125367

12th Global Edition

Authors: Michael Parkin

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