Question
The current spot exchange rate is 90 /$. The inflation in the US is expected to be 2% annually for the next five years. The
The current spot exchange rate is 90 /$. The inflation in the US is expected to be 2% annually for the next five years. The inflation of Japan is forecasted to be 3% for the next five years. What do you expect the /$ exchange rate to be 5 years from now?
| a. | 89.13 | |
| b. | 90.88 | |
| c. | 94.50 | |
| d. | 85.72 | |
| e. | 92.70 |
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
24th edition
1259916960, 978-1259916960
