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What the percentage change in the direct quote

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Question - Assume that the direct quote between the KES and $ is $1: KES 109.35 and that the inflation rate in US is 5% and the inflation rate in Kenya is 10%. What the percentage change in the direct quote and the new exchange rate?

a.  4.545%, $1: KES 104.37

b. 4.762%, $1: KES 104.14

c. 4.762%, $1: KES 114.56

d. 4.545%, $1: KES 114.32

Reference no: EM133033716

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