6) Turkish and Polish investors require a real return of 2%. If the nominal Turkey interest rate is 17%, and the nominal
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6) Turkish and Polish investors require a real return of 2%. If the nominal Turkey interest rate is 17%, and the nominal
6) Turkish and Polish investors require a real return of 2%. If the nominal Turkey interest rate is 17%, and the nominal Polish rate is 13%, and IFE holds, the Polish inflation rate is expected to be about the U.S. inflation rate, and the Polish Zloty is expected to a. 2% above; depreciate by 2% b. 3% points above; depreciate by 3% C. 3% below; appreciate by 3% d. 3% points below; depreciate by 3% e. 4% points below; appreciate by 4%
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