Question: Please answer the question by computer, so i can see it clearly, thank you!!! With Russia invading Ukraine on February 24, 2022, the National Bank

Please answer the question by computer, so i can see it clearly, thank you!!!

With Russia invading Ukraine on February 24, 2022, the National Bank of Ukraine (NBU) took strong action by instituting capital controls (e.g., prohibiting the purchase or selling of foreign currency) and transitioning from a flexible to a fixed exchange rate regime.

Questions:

1(a) Is it necessary for the Uncovered Interest Rate Parity (UIP) to hold with capital controls? Explain why you think that is or why you don't think that is.

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