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Purchasing Power Parity A computer costs $600 in the United States. The same model costs 620 euros in France. If purchasing power parity holds, what

Purchasing Power Parity

A computer costs $600 in the United States. The same model costs 620 euros in France. If purchasing power parity holds, what is the spot exchange rate between the euro and the dollar? Round your answer to two decimal places.

$1 = _______ euros

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