is enforced by global arbitrageurs who follow the profit-guaranteeing rule of "buy low, sell high." Select one: a. Market inefficiency b. The Fisher Effect c. The Law of One Price d. Marking to market for/of foreign currency in Japan is derived from the demand for The by Japanese consumers. Select one: a. supply, lower tariffs b. demand, tax loopholes Demand, foreign products C. d. supply, local products On January 1, 1990, the annual inflaton rate in the U.S. and Greece were expected to be 3% and 8 % , respectively. If the expected future spot rate at parity three years into the future was forecast to be $.00607 per Greed drachma, what was the current spot rate on January 1, 1990? Select one: a. $.00694 b. $.00751 c. $.00823 d. $.007