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URGENT Suppose that the one-year U.S. (currency $) interest rate is 3% and the equivalent one-year Nigerian interest rate (currency Naira) is 15%. According to
URGENT
Suppose that the one-year U.S. (currency $) interest rate is 3% and the equivalent one-year Nigerian interest rate (currency Naira) is 15%. According to interest rate parity which currency would be appreciate? What would happen in real life? ( None of the above IRP -- $ would depreciate; Real life - Naira would depreciate IRP -- Naira appreciate; Real life -- $ appreciate IRP -- $ would appreciate; Real life - Naira would appreciate Step by Step Solution
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