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4. A higher U.S. interest rate (i$ T) relative to interest rates abroad, ceteris paribus, will result in a. a stronger dollar. b. a lower

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4. A higher U.S. interest rate (i$ T) relative to interest rates abroad, ceteris paribus, will result in a. a stronger dollar. b. a lower spot exchange rate (expressed as foreign currency per U.S. dollar). c. a stronger dollar and a lower spot exchange rate (expressed as foreign currency per U.S. dollar). d. none of the options

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