What currency would you choose for a higher expected rate


Problem

The current interest rate on one year's Indian rupee deposit is 5% and yen deposit is 12%. The current yen/rupee exchange rate is 2 and after a year, it is expected to exceed 2.4. In this case, what currency would you choose for a higher expected rate of return a year later?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What currency would you choose for a higher expected rate
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