Question
28. A television set sells for $1,000 U.S. dollars. In the spot market, $1 =110 Japanese yen. If purchasing power parity holds, what should be
28. A television set sells for $1,000 U.S. dollars. In the spot market, $1 =110 Japanese yen. If purchasing power parity holds, what should be the price (in yen) of the same television set in Japan?
a. 80,000 yen
b. 90,000 yen
c. 100,000 yen
d. 110,000 yen
e. 120,000 yen
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The Oxford Guide To Financial Modeling
Authors: Thomas S Y Ho, Sang Bin Lee
1st Edition
019516962X, 9780195169621
