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If the annual inflation rate is 3.01 percent in the UK and 244 percent in the US and the dollar appreciated against the pound by
If the annual inflation rate is 3.01 percent in the UK and 244 percent in the US and the dollar appreciated against the pound by 1 28 percent, then estimate the real exchange rate implied by PPP conditions. Answer Format: Round to four decimals. Include the price currency only. Example: 1.1234(5) 1.1234(E)
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