kcdrmn712 kcdrmn712

23-01-2024
Business

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Assuming that the spot exchange rate of the Singapore dollar is $0.70, the 1-year interest rate is 11 percent in the United States, and 7 percent in Singapore, what will the spot rate be in 1 year according to the International Fisher Effect (IFE)?

A) $0.65
B) $0.73
C) $0.74
D) $0.75

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