You observe the following current rates and prices today: the spot exchange rate today: E ( $
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Question:
You observe the following current rates and prices today:
the spot exchange rate today: E$pound AU$ per UK pound,
the expected oneyear ahead inflation rate in Australia: pi $
the expected oneyear ahead inflation rate in the UK: pi pound
the price level in Australia today: P$ AU$
the price level in the UK today: Ppound pounds What is the real exchange rate, qAUUK today? rounded up to decimal places
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