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Uk inflation rate 10%; US inflation is 6%. Spot rate £:$1.7.
What is the predicted exchange rate in one year?
Answers say:
Explanation
1.7 x 1.06/1.1 = $1.64 :£Completely misunderstood please explain. Should the question state the spot rate $:£ ?
Misprint?
OMG got it because figure is on the right side its 1,7 $:£ ???? What a heck 🙂
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