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11) If nominal British interest rates are 9% and nominal U.S. Interest rates are b%,...

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11) If nominal British interest rates are 9% and nominal U.S. Interest rates are b%, then the British pound () is expected to by about _percent, according to the international Fisher effect (IFE). a. depreciate; 2.9 b. appreciate; 2.9 C. depreciate; 1.0 d. appreciate; 1.0

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