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The current spot rate between the pound and dollar is 754M/$. The expected inflation rate in the U.S is 219 percent and the expected inflation

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The current spot rate between the pound and dollar is 754M/$. The expected inflation rate in the U.S is 219 percent and the expected inflation rate in the U.K. is 2.68 percent. Assuming relative purchasing power parity holds, what will the exchange rate be next year? Multiple Choice E.7881/5 .7578/$

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