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(Hypothetically) inflation in China is higher than inflation in India. All else equal, what effect will this have on the value of the Chinese currency

(Hypothetically) inflation in China is higher than inflation in India. All else equal, what effect will this have on the value of the Chinese currency relative to the Indian currency? Group of answer choices The Chinese currency will appreciate The currencies will achieve parity The exchange rate will be unaffected The Chinese currency will depreciate

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