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If the current exchange rate is $1.21/€, and the expected inflation in Europe and United States next year is
3 and 5 percent, respectively. What is the expected spot rate next year?
a) $1.178/€
b) $1.187/€
c) $1.210/€
d) $1.233/€
e) None of the above
Apr 15 2021 View more View Less
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