Assume the current U.S. dollar-British spot rate is 0.6993£/$. If the current nominal one-year interest rate in the U.S.
Posted: Fri Jul 01, 2022 7:48 am
Assume the current U.S. dollar-British spot rate is 0.6993£/$. If the current nominal one-year interest rate in the U.S. is 5% and the comparable rate in Britain is6%, regarding interest rate parity (IRP) U.S dollar will: *