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Posted on Aug 09, 2024

In June 2 0 2 4 , the UK benchmark interest rate was 5 . 2 5 % , the US benchmark interest rate was

In June

2024,

the UK benchmark interest rate was

5.25 %,

the US benchmark interest rate was

5.5 %

and axchange rate was GBP

0.7908

per US dollar. According to the Fisher Effect, how many $ will be required to buy a pound sterling in one year. Which currency will have appreciated in one year?

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