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Suppose that the nominal interest rate in Thailand is higher than the nominal interest rate in Japan. Which of the following will occur according to

Suppose that the nominal interest rate in Thailand is higher than the nominal interest rate in Japan. Which of the following will occur according to the International Fisher Effect? The Japanese yen will appreciate in nominal terms relative to the Thai baht. Expected inflation is higher in Japan relative to Thailand. The Thai baht will appreciate in nominal terms relative to the Japanese yen. None of the above

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