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I am learning abiut IRP (interest rate parity) and UIRP ( uncovered interest rate parity) in class. Can I get a better understanding of the

I am learning abiut IRP (interest rate parity) and UIRP ( uncovered interest rate parity) in class. Can I get a better understanding of the relationship of parity and a little more insight please. You can simply explain in your own words and expand on it if youd like.

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