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Based on the following information, the purchasing power parity suggests that the foreign currency will - The initial equilibrium exchange rate is $1.2/ - Home

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Based on the following information, the purchasing power parity suggests that the foreign currency will - The initial equilibrium exchange rate is $1.2/ - Home country inflation 3.02% - Foreign country inflation 1% Given Answer: c. $1.184/6 Correct Answer: b. \$1.224/

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