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MC algo 2 1 - 1 4 Absolute Purchasing Power Parity A set of golf clubs costs $ 1 , 0 7 5 in the

MC algo 21-14 Absolute Purchasing Power Parity
A set of golf clubs costs $1,075 in the United States. The current exchange rate is $1.3608. Assuming absolute purchasing power parity holds, what is the price of the clubs in Scotland?
Multiple Choice
1,389.72
789.98
846.40
821.58
1,462.86
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