Question: please solve this question (i will like your answer instantly) Note that ( E_{text {# } $} ) denote the Won/Dollar exchange rate in the

please solve this question (i will like your answer instantly)
Note that \( E_{\text {# } \$} \) denote the Won/Dollar exchange rate in the spot foreign exchange market. RWis the domestic interest rate controlled by the Bank of Korea. R$ is the foreign interest rate controlled by the U.S. Fed. 6. Derive the uncovered interest rate parity condition and explain why it is the equilibrium condition for the foreign exchange market. 7. Explain what will happen to E##$whentheBankofKoreacutsdowntheinterestrate. 8. Explain what will happen to E#$ when the U.S. Fed cuts down the interest rate. Note that \( E_{\text {# } \$} \) denote the Won/Dollar exchange rate in the spot foreign exchange market. RWis the domestic interest rate controlled by the Bank of Korea. R$ is the foreign interest rate controlled by the U.S. Fed. 6. Derive the uncovered interest rate parity condition and explain why it is the equilibrium condition for the foreign exchange market. 7. Explain what will happen to E##$whentheBankofKoreacutsdowntheinterestrate. 8. Explain what will happen to E#$ when the U.S. Fed cuts down the interest rate
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