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Greenland and Brownland are two countries which regularly trade with each other. The current exchange rate is 1 Green = 3 Brown. Wetland, is a
Greenland and Brownland are two countries which regularly trade with each other. The current exchange rate is 1 Green = 3 Brown. Wetland, is a third country which also has trade relations with Greenland and Brownland. If interest rates in Wetland and Greenland increase, while interest rates in Brownland remain constant what would happen to the current exchange rate between Greenland and Brownland. Select one: a. Exchange rate will move from 1 Green = 3 Brown towards 1 Green = 4 Brown b. No Change c. Exchange rate will move from 1 Green = 3 Brown towards 1 Green= 2 Brown
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