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If gold is selling for $1,540 per ounce in the United States, using the currency exchange rates in this table, what should gold's price
If gold is selling for $1,540 per ounce in the United States, using the currency exchange rates in this table, what should gold's price be in Australian dollars according to the concept of purchasing power parity (PPP)? U.S. $1 will buy Yen Indirect Quote 96.290 Euro 0.7669 Canada $ 1.0250 United Kingdom 0.6541 Australia $ 0.9707 Swiss Franc 1.0739 One of the following will buy U.S. dollars Direct Quotes Yen $0.010385 1.3039 Euro 0.9756 Canada $ 1.5288 United Kingdom 1.0302 Australia $ 0.9312 Swiss Franc
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Global Strategy
Authors: Mike W. Peng
5th Edition
0357512367, 978-0357512364
