The interest rate for one-year certificate of deposit

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Reference no: EM13919678

The interest rate for one-year certificate of deposit at Citibank in New York is 4 percent while the interest rate for one-year certificate of deposit at Barclay Bank in London is 6 percent. The value of the British pound against the dollar one year from today will:

a) appreciate by 0.98

b) depreciate by.98 percent.

c) appreciate by 1.92 percent

d) depreciate by 1.92 percent

e) None of the above

Reference no: EM13919678

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