Suppose that the current exchange rate is $8.9/NOK. The indirect quote, from the NOK perspective is (2 marks) Given that the annual inflation rate is 2.5 percent in the United States and 4 percent in the U.K. decide whether the British Pound (GBP) is going to appreciat : or depreciate "Based on the theory of Relative pPP"? (2 marks) hile traveling in the following countries, you see 20-ounce plastic bottles of Coca-Cola. You know price in the United States for a coke is $1.09, but the countries have the following prices: Canada - CS 1.50 Japan - 125 England 0.60 Average Price across Europe .90 t is the implied exchange rate for U.S. dollars and these four currencies? (2 marks)