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The variable f 1,1 as used in the expectations theory is interpreted as the forward rate for one year: commencing in one year. based on
The variable f 1,1 as used in the expectations theory is interpreted as the forward rate for one year:
commencing in one year. | ||
based on a 1 percent increase from the current rate. | ||
at 1 percent. | ||
based on the prior one-year rate. | ||
based on a 1 percent probability of occurrence. |
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