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Following Purchasing Power Parity theory, if an identical basket of goods costs $900 in the U.S. and 250 in Euro, then the price of one

Following Purchasing Power Parity theory, if an identical basket of goods costs $900 in the U.S. and 250 in Euro, then the price of one Euro in terms of dollars should be: A. $3.6 B. $0.2777 C. $1 D. $3

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