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The current spot rate between the pound and dollar is 7610/$. The expected inflation rate in the US is 3.11 percent and the expected Inflation

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The current spot rate between the pound and dollar is 7610/$. The expected inflation rate in the US is 3.11 percent and the expected Inflation rate in the UK is 164 percent. Assuming relative purchasing power parity holds, what will the exchange rate be next year? Multiple Choice O 7498/5 7971/5 7798/6

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