Purchase Power Parity Illustration 2
If a dollar direct quote in Mexico is $1 = 7.8 Pesos and a CD cost $15.00 in U.S. What is the price of CD in Mexico?
(Ans.: 117 Pesos)
Purchase Power Parity Illustration 2
If a dollar direct quote in Mexico is $1 = 7.8 Pesos and a CD cost $15.00 in U.S. What is the price of CD in Mexico?
(Ans.: 117 Pesos)
6 Comments