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Price of a BigMac in US USD 3.75 Price of a BigMac in Swtizerland: CHF 4.25 Price of a BigMac in Canada: CAD 3.25 Exchange
| Price of a BigMac in US | USD 3.75 |
| Price of a BigMac in Swtizerland: | CHF 4.25 |
| Price of a BigMac in Canada: | CAD 3.25 |
| Exchange rate of CHF in Indirect Quote (CHF/USD) | 1 USD = 1.25 CHF |
| Exchange rate of CAD in Indirect Quote (CAD/USD): | 1 USD = 0.75 CAD |
At the PPP exchange rate of ______ the prices of Big Mac in US and Switzerland will be identical.
Correct answer: 1 USD = 1.13 CHF
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Financial Times Guide To Finance For Non Financial Managers
Authors: Jo Haigh
1st Edition
0273756206, 978-0273756200
