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Remaining Time: 1 hour, 12 minutes, 44 seconds. * Question Completion Status: QUESTION 16 Next one-year period, forecasted inflation rate is 5% in China and

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Remaining Time: 1 hour, 12 minutes, 44 seconds. * Question Completion Status: QUESTION 16 Next one-year period, forecasted inflation rate is 5% in China and 3% in US. Current spot exchange rate is RMB4.00/USD (RMB is the name of Chinese currency). What is the forecasted spot exchange rate in one year according to relative PPP? CA RMB4.08/USD B. RMB4.12/USD Oc RMB4.27/USD OD. RMB4.40/USD QUESTION 17

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