Purchase Power Parity Illustration 1
A television in US is costing $ 500. The same television is costing € 725 in Germany. What is the spot rate between euro and dollar?
(Ans.: $1 = 1.45 Euros i.e. USD EUR 1.4500)
Purchase Power Parity Illustration 1
A television in US is costing $ 500. The same television is costing € 725 in Germany. What is the spot rate between euro and dollar?
(Ans.: $1 = 1.45 Euros i.e. USD EUR 1.4500)
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