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The question is shown in the picture below, which is about foreign exchange The current spot exchange rate is HUF250/$1.00. Long-run inflation in Hungary is

The question is shown in the picture below, which is about foreign exchange

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The current spot exchange rate is HUF250/$1.00. Long-run inflation in Hungary is estimated at 10 percent annually and 3 percent in the United States. If PPP is expected to hold between the two countries, what spot exchange rates should one forecast every year in the next five years into the future

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