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Roar Roar
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7 years ago
Assume that the interest rate in a foreign country is 7% and that the foreign currency is expected to depreciate by 3% during the year. For each dollar that a U.S. resident invests in foreign bonds, he/she can expect to get back an approximate total of
A) $.93.
B) $.96.
C) $1.04.
D) $1.07.
E) $1.10.
Textbook 
Macroeconomics

Macroeconomics


Edition: 6th
Authors:
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legendvpnlegendvpn
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7 years ago
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Roar Author
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#2
6 years ago
Great answer, ty
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