Instructions: Answers to the following questions or tasks should be uploaded to the appropriate ‘dropbox’ folder. There is no page limit but answer in sufficient detail. Use text of size 12 Times Roman font or similar. References should be included in the end and can be in any of the three formats – APA, MLA or Chicago, as long as the formatting is consistent. Answer the questions in the order given and clearly mark your answers. Please include the questions with your answers to facilitate grading. Use tables, figures, charts etc. for better visualization of data.
Country: Uruguay
- What is the rate of inflation or nominal interest rate in that country? Based on that, what is your prediction of the direction in which the country’s currency will move compared to US dollar?
- What kind of exchange rate system the country has?
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