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A box of chocolate candy costs 28.80 Swiss francs in Switzerland and $20 in the United States. Assuming that purchasing power parity (PPP) holds, what

A box of chocolate candy costs 28.80 Swiss francs in Switzerland and $20 in the United States. Assuming that purchasing power parity (PPP) holds, what is the current exchange rate?

a. 1 U.S. dollar equals 1.21 Swiss francs

b. 1 U.S. dollar equals 1.29 Swiss francs

c. 1 U.S. dollar equals 0.69 Swiss francs

d. 1 U.S. dollar equals 0.85 Swiss francs

e. 1 U.S. dollar equals 1.44 Swiss francs

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