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The Honk Kong dollar is pegged to the US dollar at 7.75 HKD to an USD. If the interest rate in the US is 2%,
The Honk Kong dollar is pegged to the US dollar at 7.75 HKD to an USD. If the interest rate in the US is 2%, the interest rate Hong Kong will be:
less than 2%. | ||
equal to 2%. | ||
greater than 2%. | ||
We cannot say anything about the interest rate in HK from this information. |
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