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Assume that British interest rates are higher than U.S. rates, and that the spot rate equals the forward rate. Covered interest arbitrage puts ____ pressure on the pound's spot rate, and ____ pressure on the pound's forward rate.
Minor Surgical Procedure
A low-risk operation, often performed in an outpatient setting, that does not require extensive incisions or anesthesia.
Sanitize
The process of cleaning something to remove bacteria or viruses, making it safe and free of contaminants.
Microscopic Blood
Blood present in such small quantities that it is not visible to the naked eye but can be detected through microscopy or chemical tests.
Chemical Spray
A dispersion of chemical substances in a fine spray form, often used for cleaning, disinfection, or pest control.
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