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The Norwegian Krone ( NOK ) has weakened considerably relative to the dollar, and you are trying to decide whether this is a good time

The Norwegian Krone (NOK) has weakened considerably relative to the dollar, and you are trying to decide whether this is a good time to invest in Norway. Suppose the current exchange rate of the Norwegian Krone relative to the U.S. dollar is NOK 9.0/USD. Your investment advisor at JP Morgan argues that the NOK will lose 25% of its value relative to the dollar over the next year (question 19 and 20). What is the interpretation of the 1-year forecast? If the forecast is right, it will:
take less USD to buy 1 NOK
take less NOK to buy 1 USD
O take more USD to buy 1 NOK
O None of the above
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