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The spot rate is SF 1.0654 = $1. A hotel room in a resort area of Switzerland costs SF 385. Based on absolute purchasing power
The spot rate is SF 1.0654 = $1. A hotel room in a resort area of Switzerland costs SF 385. Based on absolute purchasing power parity, what should an identical room in the U.S. cost?
$354.24
$361.37
$387.05
$410.18
$439.90
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