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Recently the interest rate is about 2.5% in the united states and 24% in Turkey. Shy do you think the interest rate is do high

Recently the interest rate is about 2.5% in the united states and 24% in Turkey. Shy do you think the interest rate is do high in Turkey? on the basis of the reported interest rate and the IFE theory, how would you predict the change of the exchange rate between the U.S dollar and the Turkish lira?

Why the PPP theory does not hold in reality ?

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