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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › revision mock exam opentution
Please explain q29 , why they used both rates why not only of second year
The questions appear at random from a large bank of questions (as in the real exam) and so question 29 will be different each time you attempt the test.
So you need to tell me the first line of the question for me to know which question you are referring to.
Julia is based in country that uses euro ……..on this basis of forecast of inflation rate , what should be spot rate in two year’s time
The exchange rate in one years time is calculated using the inflation rates for the first year.
The exchange rate one year after that (i.e. in two years time) is calculated using the exchange rate in one years time and applying the inflation rates for the second year.