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B. 1) Countries Mali and South Africa have their interest rates to be 16% and 12%, respectively. If their currencies trade according to 50 CFA

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B. 1) Countries Mali and South Africa have their interest rates to be 16% and 12%, respectively. If their currencies trade according to 50 CFA francs buy one rand in the spot market, what will their future spot rate be in the aforementioned context? 2) Define IFE and explain the fact of how it occurs. Is there any deviation from it

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