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(c) The results of the Granger causality test are shown below. VAR Granger Causality/Block Exogeneity Wald Tests Date: 09/26/21 Time: 19:09 Sample: 2010M02 2021M08 Included

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(c) The results of the Granger causality test are shown below. VAR Granger Causality/Block Exogeneity Wald Tests Date: 09/26/21 Time: 19:09 Sample: 2010M02 2021M08 Included observations: 136 Dependent variable: DEXRATE Excluded Chi-sq df Prob. DCP 9.894972 2 0.0071 All 9.894972 2 0.0071 Dependent variable: DCP Excluded Chi-sq dif Prob. DEXRATE 2.459399 2 0.2924 All 2.459399 2 0.2924 What do you infer from the Granger causality test results? [2]

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