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A Product Sells for $750 in the United States

Question 28

Multiple Choice

A product sells for $750 in the United States.The spot exchange rate is $1 to 1.65 Swiss francs.If purchasing power parity (PPP) holds,what is the price of the product in Switzerland?


A) 902.14
B) 1,002.38
C) 1,113.75
D) 1,237.50
E) 1,361.25

Correct Answer:

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