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30-05-2023
Business

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The below is a summary of economic situation as of 2021. $1 equals £0.75. U.S. interest rate is 0.02. UK interest rate is 0.03. People are expecting that $1 would equals £0.8 next year. U.S. price index is 1. UK. price index is 1.2. a) What is the nominal exchange rate in 2020? What is expected nominal exchange

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