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Assume that the direct quote between the KES and $ is $1 : KES 109.35 and that the inflation rate in US is 5% and
Assume that the direct quote between the KES and $ is $1 : KES 109.35 and that the inflation rate in US is 5% and the inflation rate in Kenya is 10%.The percentage change in the direct quote and the new exchange rate are:
Select one:
a.4.545%, $1: KES 104.37
b.4.762%, $1: KES 104.14
c.4.762%, $1: KES 114.56
d.4.545%, $1: KES 114.32
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