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Business, 23.07.2019 13:30 tommyaberman

Assume that the interest rate on borrowings in india is 1 percent while the interest rate on bank deposits in a u. s. bank is 6 percent. john, an active currency trader, borrows in japanese yen, converts the money into u. s. dollars and deposits it in a u. s. bank. the speculative element of john's carry trade is that its success is based upon his belief that

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