Question
Big Mac costs US$ 4.95 in USA and British Pound () 3.75 in London. According to purchasing power parity, What is the (British Pound )
Big Mac costs US$ 4.95 in USA and British Pound () 3.75 in London. According to purchasing power parity, What is the (British Pound ) /US$ exchange rate (spot rate) ?
A) 1.32/US$ B) 0.7576/US$ C) 1.20/US$ D) 0.8333/US$ E) none of the given ones
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
