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Assume the spot exchange rate is .7024. The expected inflation rate in the United Kingdom...

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Finance

Assume the spot exchange rate is .7024. The expected inflation rate in the United Kingdom is 1.8 percent and in the United States it is 2.4 percent. What is the expected exchange rate three years from now if relative purchasing power parity exists?

Multiple Choice

.7151

.6898

.6962

.6871

.7066

Answer & Explanation Solved by verified expert
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