. If the no-arbitrage forward JPY/GBP rate is less than the spot rate, the interest rate for JPY must be less than the interest rate for GBP.
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If the current spot exchange rate for quotes of JPY/GBP is greater than the no-arbitrage 3-month forward exchange rate, the 3-month GBP interest rate is: A. equal to the 3-month JPY interest rate. B. less than the 3-month JPY interest rate. C. greater than the 3-month JPY interest rate. |