Question
Suppose that at the beginning of the year a consumption bundle costs $300 per unit in New York and SGD 450 in Singapore. By the
Suppose that at the beginning of the year a consumption bundle costs $300 per unit in New York and SGD 450 in Singapore. By the end of the year the prices in the US increased by 2% and the prices in Singapore increased by 5%. The PPP based exchange rate stated as the number of SGD per US dollar at the end of the year will be
| 1.5320 | ||
| 1.5385 | ||
| 1.5441 |
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Collectible Investments For The High Net Worth Investor
Authors: Stephen Satchell
1st Edition
0123745225,0080923054
