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13) Which of the following statement(s) is/are false when a higher U.S. interest rate relative to interest rates abroad, ceteris paribus? I. It will result

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13) Which of the following statement(s) is/are false when a higher U.S. interest rate relative to interest rates abroad, ceteris paribus? I. It will result in a weaker dollar. It will result in a stronger dollar. a lower spot exchange rate (expressed as foreign currency per U.S. dollar). a) I only c) III only e) None of the above choices b) II only d) II and III only

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