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International Economics 8th Edition by Dennis Appleyard, Alfred Field
Edition 8ISBN: 9780078021671International Economics 8th Edition by Dennis Appleyard, Alfred Field
Edition 8ISBN: 9780078021671 Exercise 2
You notice in The Wall Street Journal that the interest rate in the U.S. money markets is 7½ percent and the interest rate in London is 9 percent. Would you expect the pound to be at premium or discount? Why?
Explanation
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A forward premium is a situation where t...
International Economics 8th Edition by Dennis Appleyard, Alfred Field
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