You believe that interest rate parity and the international Fisher effect hold. Assume that the U. S. interest rate is presently much higher than the New Zealand interest rate. You have receivables of 1 million New Zealand dollars that you will receive in one year. You could hedge the receivables with the one-year forward contract. Or, you could decide to not hedge. Is your expected U. S. dollar amount of the receivables in one year from hedging higher, lower, or the same as your expected U. S. dollar amount of the receivables without hedging

The expected value is the same as the forward rate reflects the interest rate differential and expected spot rate as per the reflects the interest rate differential.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

answer; private store;