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Suppose the interest rate on 1-year loans in the United States is 5% while in the United Kingdom the interest rate is 6%. The spot exchange rate is $1.55/£ and the forward rate is $1.54/£. In what country would you choose to borrow? To lend? Can you profit from this situation?
Rush of Euphoria
A sudden, intense feeling of happiness, excitement, or well-being, often experienced without a direct external cause.
Cocaine
A powerful stimulant drug derived from the leaves of the coca plant, notorious for its addictive properties and high potential for abuse.
Psychoactive Drugs
Psychoactive drugs are substances that affect the brain's functioning, altering mood, perception, or consciousness.
Vivid Geometric Images
Brightly colored and detailed visual patterns often experienced during dreaming or visual imagination, characterized by geometric shapes.
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