If the exchange rate is .8869 USD/GBP, how many GBP will $50 buy?

	A.	44.35
	B.	53.25
	C.	68.94
	D.	121.33

If the exchange rate is 1.1281 GBP/USD, how many GBP will $150 buy?

	A.	76.92
	B.	83.25
	C.	92.94
	D.	132.97

Assume the spot rate for EUR (Euros)/ JPY (Japanese Yen) is 130.725. How many JPY will 250 EUR buy?

	A.	1.91
	B.	52.00
	C.	191.23
	D.	32,681.25

Assume, that the U.S. dollar and the Japanese Yen are initially in equilibrium. However, the inflation rate in Japan is 2.5% and the inflation rate in the U.S. is 4.1%. Using the relative purchasing power parity equation, which of the following is true?

	A.	The JPY will depreciate -1.54% relative to the USD
	B.	The USD will appreciate 1.54% relative to the JPY
	C.	The USD will depreciate -1.54% relative to the JPY
	D.	The USD will depreciate -2.54% relative to the JPY