Business
Business, 08.04.2020 00:09, cschellfamily

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. John is engaging in .

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