Multiple Choice
If the US interest rate is 4% per year and the Mexico interest rate is 9% per year,which of the following is true:
A) The dollar will depreciate 5% in one year.
B) The peso will appreciate 9% in one year.
C) The peso will depreciate 5% in one year.
D) The dollar will appreciate 9% in one year.
Correct Answer:
Verified
Correct Answer:
Verified
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