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On January 1, 1990, the annual inflaton rate in the U.S. and Greece were expected to be 3% and 8%, respectively. If the expected future
On January 1, 1990, the annual inflaton rate in the U.S. and Greece were expected to be 3% and 8%, respectively. If the expected future spot rate at parity three years into the future was forecast to be $.00607 per Greed drachma, what was the current spot rate on January 1, 1990
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