Question: Problem 9: Problem 9 Intro Assume that the real interest rate is constant everywhere. The annual nominal interest rate is 4.7% in the U.S. and

Problem 9: Problem 9 Intro Assume that the real interest rate

Problem 9:

Problem 9 Intro Assume that the real interest rate is constant everywhere. The annual nominal interest rate is 4.7% in the U.S. and 4% in Australia. Part 1 | Attempt 1/10 for 10 pts. What is the exact expected percentage change in the exchange rate (measured in U.S. dollars per Australian dollar) according to the international Fisher effect? 4+ decimals Submit

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