Assume the spot exchange rate is £.7024.The expected inflation rate in the United Kingdom is 1.8 percent and in the United States it is 2.4 percent.What is the expected exchange rate 3 years from now if relative purchasing power parity exists?
A) £) 6871
B) £) 6898
C) £) 6962
D) £) 7066
E) £) 7151
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