Question Details

Offer a reason why the government interest rate 


1.	Interest Rates. Why do interest rates vary among countries? Why are interest rates normally similar for those European countries that use the euro as their currency? Offer a reason why the government interest rate of one country could be slightly higher than the government interest rate of another country, even though the euro is the currency used in both countries.

2. Interpreting Exchange Rate Quotations. Today you notice the following exchange rate quotations:
*$1 is equal to 3.00 Argentine pesos
*1 Argentine peso = 0.50 Canadian dollars

You need to purchase 100,000 Canadian dollars with U.S. dollars. How many U.S. dollars will you need for your purchase? 



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