1. Investment currencies and funding currencies. For each month of the sample, rank the countries based on their interest rate (hint: Excel has a function called RANK(cell,range,1)). Compute each countrys average rank (1=lowest interest rate, etc.).

i)Which country has the lowest average rank, i.e., most often funding currency with the lowest interest-rate?

ii)Which country is the second to most often funding currency (second lowest average rank)?

iii)Which country is most often investment currency, i.e. highest average rank?

iv)Which country is second to most often investment currency?

Plot here the rank of the US over time.