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We observe that: (a) During 2021, the one-year interest rate in Country A increased by 1%, while that in Country B remained unchanged; (b) during

We observe that: (a) During 2021, the one-year interest rate in Country A increased by 1%, while that in Country B remained unchanged; (b) during 2021 the currency of country A appreciated relative to the currency of the country B. Explain why.

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