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A right-tailed test is used when .
Gilts
Government bonds issued by the United Kingdom, considered low-risk investments.
Government Securities
Financial instruments issued by the government to finance its expenditures, including bonds, treasury bills, and notes.
Interest Rate Differential
The difference in interest rates between two distinct economic regions or between different types of financial instruments.
Unbiased Forward Rates
Forward exchange rates that are equal to the future spot rates, as predicted by economic theory, free from any speculation or bias.
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