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Assume that the direct quote between the $ and is 1 = $ 1.8 and that the inflation rate in UK is 10% and the

Assume that the direct quote between the $ and is 1 = $ 1.8 and that the inflation rate in UK is 10% and the inflation rate in the US is 5%

Required: Compute the % change in the direct quote and determine the new exchange rate

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