You believe the Naira will appreciate over the next 6 months from N80.00/₵ to N72.00/₵. The following annual interest ra

[answerhappygod]

You believe the Naira will appreciate
over the next 6 months from N80.00/₵ to N72.00/₵. The
following annual interest rates
apply:
Currency
Deposit Rate
Borrowing Rate
Naira
18. 0%
20.0%
Cedi
20.0%
25.0%
i. If you have the
capacity to borrow either N80 million or ₵1million, would you
borrow
naira to invest in cedis, or borrow
cedis to invest in naira?
ii. In making a choice after your analysis in
part (i) above, what additional factors would you take into
consideration, and why?