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Consider the exchange rate between Macedonia and Tunisia. Typically, exchange rates vary over time, sometimes quite dramatically. Identify whether the following scenario will tend to

Consider the exchange rate between Macedonia and Tunisia. Typically, exchange rates vary over time, sometimes quite dramatically. Identify whether the following scenario will tend to cause an appreciation, depreciation, or have no effect on the exchange rate of Macedonian denars relative to Tunisian dinars. The central bank in Macedonia announces that it is going to raise interest rates on government bonds. Macedonia's currency will relative to Tunisia's

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