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Suppose absolute purchasing power parity holds. The exchange rate between British pounds and US dollars is British pound 0 . 7 5 per dollar. If
Suppose absolute purchasing power parity holds. The exchange rate between British pounds and US dollars is British pound per dollar. If a stereo costs $ in the United States, how much should it cost in Britain?
A British pound
B British pound
C British pound
D British pound
E British pound
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