A product like bread is more likely to see partial exchange rate pass-through than a product like cars. True False A carry trade involves borrowing in a stable currency, like the US dollar, and investing in the currency of a low-inflation currency, like the Japanese yen. True False Interest rate parity suggests that a country with higher interest rates should have a currency that trades at a forward premium relative to the currency with lower interest rates. True False Foreign currency futures contracts give you the option to buy or sell something, depending on which side of the contract you are on. True False