Assume the spot exchange rate is AUD 0.7030. The expected inflation rate is 1 percent in Australia and 1.3 percent in th

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answerhappygod
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Assume the spot exchange rate is AUD 0.7030. The expected inflation rate is 1 percent in Australia and 1.3 percent in th

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Assume the spot exchange rate is AUD 0.7030. The expected
inflation rate is 1 percent in Australia and 1.3 percent in the
U.S. What is the expected exchange rate one year from now if
relative purchasing power parity exists?
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