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Using the Purchasing Power Parity ( PPP ) theory, the International Fisher Effect ( IFE ) theory and the Interest Rate Parity ( IRP )

Using the Purchasing Power Parity (PPP) theory, the International Fisher Effect (IFE) theory and the Interest Rate Parity (IRP) theory, explain the relationships among inflation, interest rates and exchange rates. Your discussion should clearly state the similarities and the differences across these theories.
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