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The inflation rate in the U.K. is 3.6 percent and the exchange rate is currently 0.6798 per $1. The inflation rate in the U.S. is
The inflation rate in the U.K. is 3.6 percent and the exchange rate is currently 0.6798 per $1. The inflation rate in the U.S. is 4.1 percent. What is the expected exchange rate two years from now?
1. | 0.6730 | |
2. | .0.6792 | |
3. | 0.7208 | |
4. | 0.7291 |
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