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What is the international financial investment without Cover? How does uncovered interest arbitrage work? Please discuss with an example. What is the international financial investment

What is the international financial investment without Cover? How does uncovered interest arbitrage work? Please discuss with an example.

What is the international financial investment with Cover? How does covered interest arbitrage work? Please discuss with an example. please make it clean and discuss with an example, do not copy from other cheggs thanks

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