Question: Quiz 1: (10 points) 1. (4 points) Suppose that one year ago, interest rate was 5.0% in the United States, the one-year-ago spot exchange rate

Quiz 1: (10 points) 1. (4 points) Suppose that one year ago, interest rate was 5.0% in the United States, the one-year-ago spot exchange rate was $1.20/, and today's spot exchange rate is $1.16/. According to IRP, what must have been the one-year-ago similar interest rate in the euro-zone

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