Question
The spot rate for the Chinese RMB and US dollar is RMB 6.36/$. Over the year inflation in China is 1.60% and US inflation is
The spot rate for the Chinese RMB and US dollar is RMB 6.36/$. Over the year inflation in China is 1.60% and US inflation is 2.90%. If purchasing power parity holds, at year-end the exchange rate should be approximately?
Ans: RMB 6.2797 / $ need to know how to get this answer
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Acquisition Finance
Authors: Tom Speechley
2nd Edition
1780436599, 978-1780436593
