If the inflation in the u s was 3 and the inflation in u k, Financial Management

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If the inflation in the u s was 3 and the inflation in u k

Consider the following data.

Year Exchange rate

2015 $1.5254 per £

2016 $1.3555 per £

If the inflation in the U. S. was 3% and the inflation in U. K. was 16% over the one year period from 2015 to 2016 what was the percentage change in the real exchange rate?

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Financial Management: If the inflation in the u s was 3 and the inflation in u k

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