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Which one of the following formulas expresses the absolute purchasing power parity relationship between the U.S. dollar and the British pound? P UK = S
Which one of the following formulas expresses the absolute purchasing power parity relationship between the U.S. dollar and the British pound?
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PUK = S0(PUS)
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PUS = Ft(PUK)
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Ft = PUS(PUK)
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S0 = PUK(PUS)
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S0(Ft) = PUK(PUS)
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