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Which one of these correctly applies to the relative purchasing power parity formula? Multiple choice question. The current spot rate is expressed as the foreign

Which one of these correctly applies to the relative purchasing power parity formula? Multiple choice question. The current spot rate is expressed as the foreign amount per unit of domestic currency. The domestic inflation rate can be greater than, equal to, or less than the foreign inflation rate. The expected exchange rate is expressed as the domestic amount per unit of foreign currency. The domestic inflation rate must exceed the foreign inflation rate

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