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What the british pound will

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Problem 1: If the inflation rate in the United States is greater than the inflation rate in Britain, other things held constant, the British pound will

a. Depreciate against the U.S. dollar.

b. Appreciate against the U.S. dollar.

c. Appreciate against other major currencies.

d. Appreciate against the dollar and other major currencies.

e. Remain unchanged against the U.S. dollar.

Reference no: EM132614282

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