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If the sport rate on the Turkish lira is $.33 and the 180-day forward rate is $.34. According to Interest Rate Parity, the difference between

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If the sport rate on the Turkish lira is $.33 and the 180-day forward rate is $.34. According to Interest Rate Parity, the difference between the rates implies that Select one: a. the lira has risen relative to the dollar b. none of the choices is correct c. interest rates are higher in Turkey than in the U.S. d. interest rates are higher in the U.S. than in Turkey

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