If U.K. interest rates are higher than Japanese interest rates, then the theory of covered Interest arbitrage would suggest that, in the pound/yen exchange markets, the yen would Be at a forward __________ and the pound would __________.

Name: If U.K. interest rates are higher than Japanese interest rates, then the theory of covered Interest arbitrage would suggest that, in the pound/yen exchange markets, the yen would Be at a forward __________ and the pound would __________.
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The Answer is D

If UK Interest Rates Are Higher Than Japanese Interest Rates, Then