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When one country has higher nominal interest rates than another country, according to uncovered interest rate parity (UIRP), the high-interest-rate currency is expected to .............

When one country has higher nominal interest rates than another country, according to uncovered interest rate parity (UIRP), the high-interest-rate currency is expected to ............. relative to the low-interest-rate currency.

A. Depreciate. B. Appreciate. C. Stay constant. D. First appreciate then depreciate. E. None of the above

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