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If nominal British interest rates are 1.5% and nominal U.S. interest rates are 5 percent, then the British pound () is expected to ____ by
| If nominal British interest rates are 1.5% and nominal U.S. interest rates are 5 percent, then the British pound () is expected to ____ by about ____percent, according to the international Fisher effect (IFE). |
| depreciate, 3.45 |
| depreciate, 3.33 |
| appreciate; 3.45 |
| none of the options listed |
| appreciate; 3.33 |
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The Finance Book
Authors: Stuart Warner, Si Hussain
2nd Edition
1292401982, 978-1292401980
