Question
If a price index for US goods stands at 118.73 and the same price index for European goods (i.e., computed from the same consumption basket)
If a price index for US goods stands at 118.73 and the same price index for European goods (i.e., computed from the same consumption basket) stands at 183.34; what is the fair (under the theory of PPP) spot exchange rate EUR:USD.
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Finance For Real Estate Development
Authors: Charles Long
1st Edition
0874204305, 978-0874204308
