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Reptor Reptor
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6 years ago
If the forward exchange rate of the dollar in terms of pounds is less than the spot exchange rate
A) inflation must be lower in the United States than in Britain.
B) inflation must be higher in the United States than in Britain.
C) market participants must be expecting the dollar to appreciate against the pound.
D) market participants must be expecting the dollar to depreciate against the pound.
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Money, Banking, and the Financial System

Money, Banking, and the Financial System


Edition: 3rd
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pepebillypepebilly
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6 years ago
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6 years ago
Just got PERFECT on my quiz
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Thanks for your help!!
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