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According to Purchasing-Power Parity Theory,if the Same Fast-Food Hamburger Costs

Question 21

Multiple Choice

According to purchasing-power parity theory,if the same fast-food hamburger costs $2.50 in Canada and 5 euros in France,what should the nominal exchange rate be?


A) 1 / 4 euros per dollar
B) 1 / 2 euro per dollar
C) 1 euro per dollar
D) 2 euro per dollar

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