Question
The spot rate on the Norwegian kroner is 8.49. The exchange rate one year from now is expected to be 8.53 assuming that relative interest
The spot rate on the Norwegian kroner is 8.49. The exchange rate one year from now is expected to be 8.53 assuming that relative interest rate parity exists. Interest rates in Norway are 2 percent. What is the interest rate in the U.S.?
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Global Banking
Authors: Roy C Smith, Ingo Walter, Gayle DeLong
3rd Edition
0195335937, 9780195335934
