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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 US dollar is NOK USD Your investment advisor at JP Morgan argues that the NOK will lose of its value relative to the dollar over the next year question and What is the interpretation of the year forecast? If the forecast is right, it will:
take less USD to buy NOK
take less NOK to buy USD
O take more USD to buy NOK
O None of the above
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