1. What is the US dollar yearly rate of return (realized or expected) on the following assets (you may google up the necessary additional data): a) An average house in Great Britain was worth 177000 in January 2007. In January 2024 it could be sold for 285000. b) Turkish IS Bank currently pays 30% interest on 1-year deposits, denominated in Turkish lira. 2. Traders in asset markets suddenly learn that the interest rate on dollars will decline in the near future. Show on the diagram the effect on the current dollar/euro exchange rate, assuming current interest rates on dollar and euro deposits do not change. ates? Illustrate with the diagram. 4. Other things equal., how would you expect the following shifts to affect a currency's real exchange rate against foreign currencies? a) The overall level of spending doesn't change, but domestic residents decide to spend more of their income on nontraded products and less on tradables. b) Foreign residents shift their demand away from their own goods and toward the home countrv's exports