Question
Assume the inflation rate in the U.S. is 1.39 percent. The spot rate for a foreign currency is 1.521 while the 1-year forward rate is
Assume the inflation rate in the U.S. is 1.39 percent. The spot rate for a foreign currency is 1.521 while the 1-year forward rate is 1.537. What is the approximate rate of inflation in the foreign country?
| 2.20% | ||
| 2.28% | ||
| 2.36% | ||
| 2.44% | ||
| 2.52% |
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The Financial Diet A Total Beginners Guide To Getting Good With Money
Authors: Chelsea Fagan, Lauren Ver Hage
1st Edition
1250176166, 978-1250176165
