Purchasing power parity is basically the value of money in terms of what can be bought irrespective of market or region.
In the current scenario, Starbucks are expected to cost the same whether in Paris or Seattle. What matters here is the exchange rates.
If Starbucks costs $5 in Seattle and 4 Euros in Paris, the exchange rate is,
Exchange rate = Cost in Seattle/ Cost in Paris = $5/4 Euros = $1.25 per Euro or 4 Euros/$5 = 0.8 Euros per dollar. This means that Euro has more value than the dollar.
The correct answer is c.
First and foremost is a cliché in the message
That fees are called the Closing costs
These payment usually being done when both the buyer and the seller close the deal.
Closing costs can be incurred by either buyer or the seller, such as :
- Attorney fees
- Survey Fees
- documentation fees
- Home Warranties , etc
Deposit - $10,000
Retains - 20%
How much is needed to cover the withdrawals?
($10,000)(.20) = $8,000
$8,000 is what the bank would retain to cover withdrawals.
Stephen Gary "Steve" Wozniak, nicknamed "Woz", is an American inventor, electronics engineer, programmer, and technology entrepreneur who co-founded Apple Inc.<span>Steven Paul "Steve" Jobs was an American entrepreneur, businessman, inventor, and industrial designer.
</span><span>Steven Paul "Steve" Jobs was an American entrepreneur, businessman, inventor, and industrial designer.</span>