Question 21 (4 points) Assume $1 is currently equal to .7658. Also, assume the expected...
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Question 21 (4 points) Assume $1 is currently equal to .7658. Also, assume the expected inflation rate in the U.K. is 4.6 percent while it is 3.3 percent in the U.S. What is the expected exchange rate four years from now if relative purchasing power parity exists? .5041 .8064 .3051 .8650 .9064
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