The majority of the above banks have also been fined billions of dollars by the Justice Department for issuing illegal mortgage securities that helped to bring on the U.S. financial crisis in 2008. Just last month Deutsche Bank settled its claims for $7.2 billion. In its...
The spot exchange rate is €1·543 per $1. The domestic short-term interest rate is 2% per year, while the foreign short-term interest rate is 5% per year. What is the six-month forward exchange rate predicted by interest rate parity? A.€1·499 per $1 B.€1·520 per $1 C.€1...