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