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The spot rate for the Korean won is 1,000 per dollar. Over the year, inflation in Korea is 6 percent and U.S. inflation is 4 percent. If purchasing power parity holds, at year-end the exchange rate should be approximately won per dollar. 1,020 960 1,060 1,040 980 940 If the dollar appreciates relative to the Euro, American cars will become less expensive in Europe. O False True