2. If a euro deposit in a bank in Paris, France, earns interest of 4 percent a year and a yen deposit in Tokyo,
2. If a euro deposit in a bank in Paris, France, earns interest of 4 percent a year and a yen deposit in Tokyo, Japan, earns 0.5 percent a year, everything else remaining the same and adjusted for risk, what is the exchange rate expectation of the Japanese yen?
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Authors: Pierre Bergeron
7th edition
176530835, 978-0176530839
