Purchase Power Parity Illustration 3
If a chair costs 500 Euros in Germany and the same chair costs 70,000 Japanese Yen in Japan, what is the Spot Rate between Yen and Euro?
(Ans.: EUR JPY 140 Or inverting 100 JPY EUR 0.7143)
Purchase Power Parity Illustration 3
If a chair costs 500 Euros in Germany and the same chair costs 70,000 Japanese Yen in Japan, what is the Spot Rate between Yen and Euro?
(Ans.: EUR JPY 140 Or inverting 100 JPY EUR 0.7143)
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