Assume That the Interest Rate in a Foreign Country Is

question 61

Multiple Choice

Assume that the interest rate in a foreign country is 7% and that the foreign currency is expected to depreciate by 3% during the year.For each dollar that a U.S.resident invests in foreign bonds,he / she can expect to get back an approximate total of

• A)$)93.
• B)$)96.
• C)$1.04.
• D)$1.07.
• E) $1.10.

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California

An American state located on the West Coast of the United States, known for its diverse geography, climate, and as a hub of technology, entertainment, and agriculture.

Limited English Proficiency

A term that describes individuals who do not speak English as their primary language and who have a limited ability to read, speak, write, or understand English.

Cultural Identities

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