The Ratio of Expected Spot Rate to Current Spot Rate

question 99

Multiple Choice

The ratio of expected spot rate to current spot rate for $/£ is 1.02 and the inflation rate in the United States is 5%. What is the approximate inflation rate in the United Kingdom?

• A) 1.3%
• B) 2.9%
• C) 4.1%
• D)7.0%

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Definitions:

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society.

Human

A member of the species Homo sapiens, characterized by a capacity for complex language, abstract thought, and the creation of intricate cultures and societies.

Genetic Variations

Differences in DNA sequences among individuals within a population, which contribute to the biological diversity and influence characteristics such as appearance, behavior, and susceptibility to diseases.

Adaptive Capacities

The ability of organisms or systems to adjust to changes in their environment and modify themselves to fit or survive those changes.