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Depending on the interest rates of the two currencies involved, the forward foreign exchange rate:

Depending on the interest rates of the two currencies involved, the forward foreign exchange rate:

A.

Can only be higher or equal to the current spot rate

B.

Can only be lower or equal to the current spot rate

C.

Can never be equal to the current spot rate

D.

Can either be higher, lower or equal to the current spot rate

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