rency perone 3. If interest rates on the euro are consistently below U.S. interes rates, then for the international Fisher effect (IFE) to hold: a) The value of the euro would often appreciate against the dollar b) The value of the car would often depreciate against the dollar c) The value of the euro would remain constant most of the time. d) The value of the euro would appreciate in some periods and depreciate in other periods, but on average have a zero rate of appreciation 4. Which of the following theories identifies specialization as a reason for international business? a) Theory of comparative advantage b) Imperfect markets theory c) Product cycle theory d) None of the above nortinn to direct foreign investment (DFI), an