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How to Access “International Finance by Imad A. Moosa” as a Free or Low-Cost PDF – Legally

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📝 A "Cheat Sheet" for Problem Solving

If you are working through the numerical exercises in the text, keep these rules of thumb handy:

  1. The Quote Rule: Always identify if the quote is Direct (Home Currency per Foreign) or Indirect (Foreign per Home). If you mix these up, your math will be backwards.
  2. The Interest Rate Rule: The currency with the higher interest rate generally trades at a discount in the forward market. (Why? Because arbitrage equalizes the return; if a currency pays more interest, it must lose value relative to the other currency to maintain parity).
  3. Bid-Ask Spread: The bank always wins. You always buy high and sell low.

6. Cheaper Older Editions