Question
If the forward rate is at a discount to the spot rate, then the Spot rate is ________ the Forward rate.This is because the domestic
If the forward rate is at a discount to the spot rate, then the Spot rate is ________ the Forward rate.This is because the domestic interest rate is ______________ than theoverseas interest rate.Assume that the exchange rates are direct quotes.
Question: please fill in lines as above or lower?
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Economics Today The Macro View
Authors: Roger LeRoy Miller
18th Edition
0133884872, 978-0133884876
