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Assume that the spot exchange rate of the British pound is $1.66. The one-year interest rate is 10 percent in the united states and 6

Assume that the spot exchange rate of the British pound is $1.66. The one-year interest rate is 10 percent in the united states and 6 percent in the United Kingdom. What will the spot rate be in one year according to the IFE (International Fisher Effect) ? What is the force that causes the spot rate to change according to the IFE (International Fisher Effect) ?

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