a) On the basis that the Government of Ghana operates a floating exchange rate system, i) Discuss with relevant examples the possible effects of increased inflation on the Ghana Cedi to US Dollar rate. CR (15 marks) b) The table below shows the 90-day forward rate on the South African rand per US Dollar. Currency Spot Rate 1 month 3 month South Africa (rand) 7.7840 7.8330 7.9263 Note: The exchange rate quote in the above table is a direct quote for the South African rand. i) Would the dollar be selling at a forward discount or premium on the rand in one (1) month and three (3) months? EV (5 marks) Suppose that you expect to receive 100,000 rands in three months, determine how many dollars this is likely to be worth? AP (5 marks)​