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The Spot Exchange Rate of British Pound $\le$ ) Is $256(Canadian) $\le$

Question 30

Multiple Choice

The spot exchange rate of British Pound( $\le$ ) is $2.56(Canadian) / $\le$ .The annual inflation rate in Canadian $is 4% and 8% in Britain.What will be the anticipated exchange rate at the end of the year if PPP is valid?

A) $2.4652/ $\le$
B) $2.1503/ $\le$
C) $3.0804/ $\le$
D) $2.5600/ $\le$ E(exchange rate) = spot rate x

The Spot Exchange Rate of British Pound ≤\le≤ ) Is $256(Canadian) ≤\le≤

Multiple Choice

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The Spot Exchange Rate of British Pound $\le$ ) Is $256(Canadian) $\le$

Correct Answer:
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