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Consider the Two Exchange Rates, in Period 1 and Period E1=Rs46.6$1 and E2=Rs53.4$1E _ { 1 } = \frac { R s 46.6 } { \$ 1 } \text { and } E _ { 2 } = \frac { R s 53.4 } { \$ 1 }

question 127

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Consider the two exchange rates, in period 1 and period 2: E1=Rs46.6$1 and E2=Rs53.4$1E _ { 1 } = \frac { R s 46.6 } { \$ 1 } \text { and } E _ { 2 } = \frac { R s 53.4 } { \$ 1 } .
(Rs is the Indian rupee.) Over this time, the:

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