Why is it better to use a PPP exchange rate to compare incomes across countries than an
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Why is it better to use a PPP exchange rate to compare incomes across countries than an actual exchange rate?
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...
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When comparing incomes across countries one is interested in comparing the quality of life that occurs from earning such incomes and consuming in thos...View the full answer
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Dixit Sharma
I have guided many of my juniors to ace in IITJEE Advanced exam. Particularly in Mathematics and Physics.
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Related Book For 
International Financial Management
ISBN: 978-0132162760
2nd edition
Authors: Geert Bekaert, Robert J. Hodrick
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