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  • 21-12-2022
  • Business
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us banks pays 3% interest for a 1 year deposit. european banks pay 5% interest over the same period. the spot f/x rate is 1.02 euro/usd. what is the expected exchange rate in 1 year? group of answer choices a) 0.96 euro/usd b) 1.04 euro/usd c) 1.00 euro/usd d) it cannot be determined

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