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6. As of November, 1999, the exchange rate between the Brazilian real and U.S. dollar was R$1.95/S. The consensus forecast for the U.S. and Brazil

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6. As of November, 1999, the exchange rate between the Brazilian real and U.S. dollar was R$1.95/S. The consensus forecast for the U.S. and Brazil inflation rates for the next one-year period was 2.6 percent and 20.0 percent, respectively. What would you have forecast the exchange rate to be at around November 1, 2000

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