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A television set costs $650 in the United States. The same set costs 2,435 French francs (FF). If purchasing power parity holds, what is the

A television set costs $650 in the United States. The same set costs 2,435 French francs (FF). If purchasing power parity holds, what is the spot exchange rate between the FF and the dollar? Select one: a. 1 FF = $0.26694 b. $1 = 4.35 FF c. 1FF = $5.07 d. $0.917 = $5.07FF

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