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If a foreign currency consistently appreciated against the dollar over several periods and had higher interest rates at the beginning of those periods than the

If a foreign currency consistently appreciated against the dollar over several periods and had higher interest rates at the beginning of those periods than the U.S. interest rates, then

a. U.S. firms could have achieved a higher effective yield on foreign deposits than on U.S. deposits during those periods.
b. the international Fisher effect is supported by the results.
c. A and B
d. none of the above

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