Question: Use the Wall Street Journal or another data source to record the interest rate differential between the interest rate of Russia and the U.S. rate

  1. Use the Wall Street Journal or another data source to record the interest rate differential between the interest rate of Russia and the U.S. rate over the last five quarters. Then, review the exchange rate percentage change in Russia over each of those corresponding quarters to determine whether the International Fisher Effect (IFE) appears to hold over those quarters for that currency.

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