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Aaune the japanese yen US dollar current spot rate is Y115.20/$. assuming that expected inflation will be 0% in japan and 2.2% in the US

Aaune the japanese yen US dollar current spot rate is Y115.20/$. assuming that expected inflation will be 0% in japan and 2.2% in the US calculate the exact change in the US dollar assuming relative ppp holds

2.2%

none of these

-2.15%

2.15%

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