Assume the spot rate for the british pound currently is £.6391 per dollar and the one-year forward rate is £.6389. a risk-free asset in the u. s. is currently earning 3 percent. if interest rate parity holds, approximately what rate can you earn on a one-year risk-free british security?

Can you take a photo so i can see the table

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

Acapitalist economy is when all goods are owned by the government or private industries.

Answer determine the transaction price;