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If the spot rate is $1.15 and the U.S. inflation rate is expected to be 5 percent and the eurozone member inflation rate is expected
If the spot rate is $1.15 and the U.S. inflation rate is expected to be 5 percent and the eurozone member inflation rate is expected to be 2 percent, then relative expected inflation rates, we expect the euro to appreciate from $1.15 to $1.22 over the next year. True O False
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