The 1 Year Interest Rate in the U

question 115

Multiple Choice

The 1 year interest rate in the U.S.is 2%.The spot exchange rate for Canadian dollars .97 to the U.S.dollar.The 6 months forward rate is .9698 to the U.S.dollar.These prices indicate that interest rates in Canada,on an annualized basis,are about:

• A).08% lower.
• B).08% higher.
• C).04% higher.
• D).8% lower.

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