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Assume the inflation rate in the United States is 2.2 percent. The spot rate for...

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Finance

Assume the inflation rate in the United States is 2.2 percent. The spot rate for a foreign currency is .947 while the 1-year forward rate is .951. What is the approximate rate of inflation in the foreign country?

Multiple Choice 2.37%

1.63%

2.62%

1.49%

1.78%

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