Multiple Choice
The nominal exchange rate is about 1.8 Aruban florin per dollar.If a basket of goods in the United States costs $40,how many florins must a basket of goods in Aruba cost for purchasing power parity to hold?
A) 18 florin
B) 36 florin
C) 72 florin
D) 90 florin
Correct Answer:
Verified
Correct Answer:
Verified
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