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Which one of the following parity theories states that, in its absolute version, price levels globally should be equal when expressed in a common currency?
Which one of the following parity theories states that, in its absolute version, price levels globally should be equal when expressed in a common currency?
Question Answer
a
international Fisher effect
b
the unbiased forward rate
c
interest rate parity
d
the Balance of Payment identity
e
purchasing power parity
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