Suppose the value of the Polish zloty moves from Z 1000 = $1 at the start of the year to Z 1,800 at the end of the year.At the same time,the Polish price level changes from an index of 100 on January 1 to 134 on December 31.U.S.inflation during the year was 4.5%.If the one-year interest rate on the zloty is 44%,what was the real dollar cost of borrowing the zloty during the year?

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The Answer of Suppose the value of the Polish zloty moves from Z 1000 = $1 at the start of the year to Z 1,800 at the end of the year.At the same time,the Polish price level changes from an index of 100 on January 1 to 134 on December 31.U.S.inflation during the year was 4.5%.If the one-year interest rate on the zloty is 44%,what was the real dollar cost of borrowing the zloty during the year?

Suppose the Value of the Polish Zloty Moves from Z