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Which One of the Following Statements Is the MOST Accurate

Question 8

Multiple Choice

Which one of the following statements is the MOST accurate?


A) The purchasing power of any given country's currency will increase in countries where the prices of non-tradable goods rise.
B) The purchasing power of any given country's currency will fall in countries where the prices of non-tradable goods fall.
C) The purchasing power of any given country's currency will fall in countries where the prices of non-tradable goods rise.
D) The purchasing power of any given country's currency will remain constant in countries where the prices of non-tradable goods rise.
E) The purchasing power of any given country's currency will fall in countries where the prices of non-tradable goods remain constant.

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