Two The one-year GBP LIBOR is at 3.25% in the United Kingdom and whilst the...
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Two The one-year GBP LIBOR is at 3.25% in the United Kingdom and whilst the interbank fixtures in Ghana are closed at 17.0% in Ghana. i. Why do you think the interest rate is so high in Ghana? (5 marks) ii. Based on the reported interest rates, how would yor pieaict the change of the exchange rate between the UK and the Ghanaian cedi? (5 marks) Page 1 of 2
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