Problem 10:

Problem 10 Intro Assume that the real interest rate is constant everywhere. The annual nominal interest rate is 3.9% in the U.S. and 5.2% in Spain. Part 1 | Attempt 1/10 for 10 pts. What is the exact expected percentage change in the exchange rate (measured in U.S. dollars per euro) according to the international Fisher effect? 4+ decimals Submit