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The spot rate on the New Zealand dollar (NZD) is NZD/USD 1.4286, and the 180-day forward rate is NZD/USD 1.3889. This difference means:A. interest rates are lower in the United States than in New Zealand.B. interest rates are higher in the United States than in New Zealand.C. it takes more NZD to buy one USD in the forward market than in the spotmarket.
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