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Assume that at the beginning of the year, the pound's value is in equilibrium. Assume that over the year the British inflation rate is 6 percent, while the U.S. inflation rate is 4 percent. Assume that any change in the pound's value due to the inflation differential has occurred by the end of the year. Using this information and the information provided in question 1, determine how the pound's value changed over the year.
question 1 As an employee of the foreign exchange department for a large company, you have been given the following information: Beginning of Year
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most parent-teacher associations have a hard time getting people to attend meetings and do other work for the
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