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If the forward price of German deutchmarks ($/DM) is less than the spot price of DM, then a. the American interest rate is higher than

If the forward price of German deutchmarks ($/DM) is less than the spot price of DM, then

a. the American interest rate is higher than the German interest rate

b. the American interest rate is lower than the German interest rate

c. the American inflation rate is higher than the German inflation rate

d. the American inflation rate is lower than the German inflation rate

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