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The inflation rate in the United States is 4%, and the inflation rate in Turkey is 16%. Use the table below to calculate what the3-year
The inflation rate in the United States is 4%, and the inflation rate in Turkey is 16%. Use the table below to calculate what the3-year spot rate would be in Turkish lira.
| Currency Pair | Direct Rate (US/F) |
| India (rupee) - USD | 0.02266 |
| Britain (pound) - USD | 1.85609 |
| Turkey (lira) - USD | 0.64398 |
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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
