Current spot rate of sf = $0.6543. 1-year interest rate in the u. s. = 7.5%. 1-year interest rate in the switzerland = 3.5%. if you could borrow $10,000,000 in the us, and set up an uncovered interest rate arbitrage, how many dollars will you have at the end of one-year (after paying off the loan) if you expect the spot rate of sf one year from now to be $0.6925.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.