Question: NO extra information, just answer answer the question according to the question. Detailed process and explanation required 6. In 2015 and 2016, the banks in

 NO extra information, just answer answer the question according to the

NO extra information, just answer answer the question according to the question.

Detailed process and explanation required

6. In 2015 and 2016, the banks in country Quarto borrowed abroad at relatively low interest rates to fund domestic lending. Runaway domestic inflation drove Quarto's domestic interest rates up enabling the banks to earn high profits. At the same time, Quarto's central bank began intervening in the foreign exchange market to maintain the value of the country's currency. Comment on the Quarto banks' funding strategy. (5 marks) 6. In 2015 and 2016, the banks in country Quarto borrowed abroad at relatively low interest rates to fund domestic lending. Runaway domestic inflation drove Quarto's domestic interest rates up enabling the banks to earn high profits. At the same time, Quarto's central bank began intervening in the foreign exchange market to maintain the value of the country's currency. Comment on the Quarto banks' funding strategy

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