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The ratio of expected spot rate to current spot rate for USD/Pound is 1.02 and the inflation rate in the U.S.is 5%. What is the

The ratio of expected spot rate to current spot rate for USD/Pound is 1.02 and the inflation rate in the U.S.is 5%. What is the approximate inflation rate in the United Kingdom? 7.0% 1.39 4.19 2.9%

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