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kolitchko kolitchko
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5 years ago
If the forward exchange rate of the yen in terms of dollars is greater than the spot exchange rate
A) Japanese interest rates must be higher than U.S. interest rates.
B) U.S. interest rates must be higher than Japanese interest rates.
C) market participants must be expecting the dollar to appreciate against the yen.
D) market participants must be expecting the dollar to depreciate against the yen.
Textbook 
Money, Banking, and the Financial System

Money, Banking, and the Financial System


Edition: 3rd
Authors:
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Wars-Like-ThisWars-Like-This
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5 years ago
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kolitchko Author
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5 years ago
This calls for a celebration Person Raising Both Hands in Celebration
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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2 hours ago
Brilliant
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