Question
Assume the inflation rate in the U.S. is 1.02 percent. The spot rate for a foreign currency is 1.4251 while the 1-year forward rate is
Assume the inflation rate in the U.S. is 1.02 percent. The spot rate for a foreign currency is 1.4251 while the 1-year forward rate is 1.4375. What is the approximate rate of inflation in the foreign country?
| 2.15% | ||
| 2.01% | ||
| 1.89% | ||
| 1.82% | ||
| 1.78% |
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Process To Profits Strategic Planning For A Growing Business
Authors: William Lasher
1st Edition
0324223870, 9780324223873
