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Interest rates in the UK are at 5 . 2 5 % p . a . and in Indonesia they are currently at 5 .

Interest rates in the UK are at 5.25% p.a. and in Indonesia they are currently at 5.75% p.a. According to the International Fisher Effect the Pound (UK) spot rate is expected to _____ by about _____ over the next year relative to the Indonesian Rupiah.
appreciate; 0.48 percent
appreciate; 0.50 percent
None of the other options are correct
depreciate; 0.50 percent
depreciate; 0.48 percent

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