Question
A 10,000 deposit in a London bank in a year when the interest rate on pounds is 10% and the $/ exchange rate moves from
A 10,000 deposit in a London bank in a year when the interest rate on pounds is 10% and the $/ exchange rate moves from $1.50 / 1.0 to $1.38/1.0. What is the dollar rate of return on this asset?
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Banking Secrecy And Global Finance
Authors: Donato Masciandaro, Olga Balakina
1st Edition
1137400099, 978-1137400093
