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If the annual inflation rate is 2 percent in the United States and 4 percent in the U.K., S($/)=1.60. According to the relative PPP, what

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If the annual inflation rate is 2 percent in the United States and 4 percent in the U.K., S($/)=1.60. According to the relative PPP, what would be the exchange rate between U.S. and U.K. in one year

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