Assume That the Inflation Rate in Singapore Is 3%, While

question 1

Multiple Choice

Assume that the inflation rate in Singapore is 3%, while the inflation rate in the U.S. is 8%. According to PPP, the Singapore dollar should ____ by ____%.

• A) appreciate; 4.85
• B) depreciate; 3,11
• C) appreciate; 3.11
• D) depreciate; 4.85

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Definitions:

Submission

in legal terms means the act of presenting a document, proposal, or application to a person or authority for consideration or judgment.

Arbitration

A method of dispute resolution where an impartial third party, the arbitrator, makes a decision to resolve a conflict outside of court.

UPA

Uniform Partnership Act; a law in the United States that provides a basic framework for the operation of partnerships in the absence of an express agreement.

Wrongful

Referring to actions or conduct that are unjust, improper, or illegal.