Assume the CNY:USD exchange rate is CNY 6.9 : $1. If the expected long-term annual inflation rate in China is expected to be 7% and in US expected to be 3%, what is your best prediction for next year's CNY:USD exchange rate, using inflation rates as your guide:

O 6.64:1 

O 6.90:1 

O 7.38:1 

O 7.17:1

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