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A recent report on Consumer Price Index concluded that the inflation rate in U.S. is much lower relative to the comparative measures of inflation in
A recent report on Consumer Price Index concluded that the inflation rate in U.S. is much lower relative to the comparative measures of inflation in U.K. This would likely put ______ pressure on British pound value. Also, assume that U.K. interest rates begin to rise relative to U.S. interest rates. The change in interest rates will place ____ pressure on the value of the British pound. Group of answer choices upward; upward upward; downward No; No downward; upward downward; downward
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