Question: If you borrow in the U.S. dollar, convert the borrowed funds to a foreign currency, earn the interest rate on the foreign currency, and at

If you borrow in the U.S. dollar, convert the borrowed funds to a foreign currency, earn the interest rate on the foreign currency, and at the end convert the foreign currency back to the dollar and return the dollar loan plus interest, the interest rate on the foreign currency must be higher than the dollar interest rate for you to have a profit on the investment. True or false?

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