The Spot Exchange Rate of British Pound (£) Is $2

question 52

Multiple Choice

The spot exchange rate of British Pound (£) is $2.56(Canadian) /£.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/£
• B)$2.1503/£
• C)$3.0804/£
• D)$2.5600/£

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Definitions:

Bank Statement

A document provided by a bank detailing the transactions in a depositor's account over a specific period.

Service Charge

A fee collected for the benefit of providing a service, often added to bills in restaurants, banking, and hospitality.

Check Register

A record of checks written, deposits made, and balances in a checking account, used to track finances.

Bank Statement

A document provided by a bank which outlines all transactions in an account, including deposits, withdrawals, and fees, over a specified period.