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Assume that the Australian interest rate is 11 percent and the U.S. interest rate is 6 percent. According to the Intemational Fisher effect, what happens

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Assume that the Australian interest rate is 11 percent and the U.S. interest rate is 6 percent. According to the Intemational Fisher effect, what happens to the Australlan spot rate? a. deproclates by 4.5% b. appreciates by 4.5% c. depreciates by 6% d. appreciates by 6%

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