Question
The inflation rate in the U.S. is 3%, while the inflation rate in Canada is 7%. The current exchange rate for the Canadian dollar is
The inflation rate in the U.S. is 3%, while the inflation rate in Canada is 7%. The current exchange rate for the Canadian dollar is $0.740. After supply and demand for the Canadian dollar has adjusted in the manner suggested by purchasing power parity (PPP), the new exchange rate for the Canadian dollar will be:
Question 11 options:
|
| 4% |
|
| $0.792 |
|
| $0.769 |
|
| $0.712 |
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Day Trading Cardinal Rules For Passive Income
Authors: Brian Stclair
1st Edition
1539480313, 978-1539480310
