Country2004	2003 interest rate	2004 interest rate	2005 interest rate	2006 interest rate	2003 inflation rate	2004 inflation rate	2005 inflation rate	2006 inflation rate	2003 % change in IQ	2004 % change in IQ	2005 % Change in IQ	2006 % Change in IQ
US	1.15	1.56	3.51	5.15	1.99	2.75	3.22	3.07	0	0	0	0
Poland	5.69	6.24	5.2	4.2	0.77	4.27	2.57	1.84	-4.68	-5.95	-11.54	-4.09

4. What is the 4 year geometric mean of the foreign country's inflation rate?

5. What is the 4 year geometric mean of percentage change in the foreign exchange indirect quote?

6. What is the 4 year geometric mean of percentage change in the foreign exchange direct quote?

7. Over the 4 year period, what should have been the annual percentage change in the FX direct quote according to PPP?

8. Over the 4 year period, did the FX Appreciate or Depreciate?

9. Over the 4 year period, what was the annual percentage uncovered rate of return from the home country's point of view?

10. Over the 4 year period, what was the annual percentage uncovered rate of return from the foreign country's point of view?

11.Over the 4 year period, you should have borrowed in the ___country and invested in the ____ country

12. If you had access to $1,000,000 line of credit from your preferred borrowing country, over this 4 year period, your net profit from an uncovered interest rate arbitrage would have been ____