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15.If the inflation rate in the UK is higher than the inflation rate in the US by 3%. According to the relative PPP theory, what

15.If the inflation rate in the UK is higher than the inflation rate in the US by 3%. According to the relative PPP theory, what is your prediction of the British pound FX rate in one year if the current spot rate is $1.20/BP (Calculate future spot rate in one year).

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