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True/False/Explain.  The annual interest rate on South Korean won currency deposits is 4%, the current won/dollar exchange...

True/False/Explain.  The annual interest rate on South Korean won currency deposits is 4%, the current won/dollar exchange rate is W1100/$1 and the expected future won/dollar exchange rate is W1089/$1. For the foreign exchange market to be in equilibrium, the interest rate on U.S. dollar currency deposits must be 3%.
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ommene: Page No Annual-fr tror Rar n doutl Koaan wen. Currency-duboǐし@t% Won/dollar exchange Rate lure w 1089 89 Epchangu 108

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