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QUESTION
"I notice that New Zealand interest rates are 1 percent less than rates in the United States. We would do better to borrow New Zealand dollars (NZD)...
"I notice that New Zealand interest rates are 1 percent less than rates in the United States. We would do better to borrow New Zealand dollars (NZD) rather than US dollars (USD)."
True/false assuming a world of efficient markets? Explain.
