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Which of the following is/are true? Given a home country and a foreign country, purchasing power parity (PPP) suggests that a home currency will appreciate

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Which of the following is/are true? Given a home country and a foreign country, purchasing power parity (PPP) suggests that a home currency will appreciate if the current foreign inflation rate exceeds the current home inflation rate. If interest rate parity exists, then triangular arbitrage is not feasibif. If covered interest arbitrage exists, then international fisher effect (IFE) holds. If the Japanese yen is expected to depreciate against the U.S. dollar and interest rates in the U.S. and Japan are similar, banks may try speculating on this anticipated exchange rate movement by borrowing U.S. dollars and investing in Japanese yen

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