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The spot rate is SF1.21 = $1. A hotel room in a resort area of Switzerland costs SF280. Based on absolute purchasing power parity, an
The spot rate is SF1.21 = $1. A hotel room in a resort area of Switzerland costs SF280. Based on absolute purchasing power parity, an identical room in the U.S. should cost:
Select one:
a.
$157.02
b.
$231.40
c.
$159.16
d.
$227.48
e.
$226.50
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