Question: How do we get the answer? The inflation rate in the United States was 1.7% over the past one year, while the inflation rate in

How do we get the answer? How do we get the answer? The inflation rate in the United

The inflation rate in the United States was 1.7% over the past one year, while the inflation rate in Brazil was 3.8\%. After supply and demand for the Brazilian real ( R$ ) have adjusted according to purchasing power parity, the exchange rate for the real as of today is $0.24. What was the spot exchange rate for the real one year ago? $0.235 $0.238 $0.242 $0:245 $0.248

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