Calculate dollar rates of return on a deposit 10000 pounds, Ask an Expert

Economics

Q. Calculate dollar rates of return on a deposit 10,000 pounds in a London bank in a year when interest rate on pounds is 10 percent and dollar/pound exchange rate moves from 1.50 dollars per pound to 1.38 dollars per pound. What is interest rate a U.S. Bank needs to oer to attract capital owes from London?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9294794

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