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The Malaysia's inflation rate is expected to be 2.42% in over the next year, while China's inflation rate is expected to be 2.68% percent. a)

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The Malaysia's inflation rate is expected to be 2.42% in over the next year, while China's inflation rate is expected to be 2.68% percent. a) Use the Purchasing Power Parity to determine the change in the Chinese renminbi's exchange rate. (4 marks) b) Determine the expected spot rate at the end of one year if the existing spot rate of the Chinese renminbi is 0.63 Ringgit. (4 marks)

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