Purchase Power Parity Illustration 11
The Sterling is trading at $1.6100 today. Inflation in UK is 4% and that in USA is 3%. What could be the spot rate ($/£) after 2 years?
(Ans.: 1.5792)
Purchase Power Parity Illustration 11
The Sterling is trading at $1.6100 today. Inflation in UK is 4% and that in USA is 3%. What could be the spot rate ($/£) after 2 years?
(Ans.: 1.5792)
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