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3 years ago

8

If a Starbucks vanilla latte costs $5 in Seattle and 4 euros in Paris, what must the exchange rate be if purchasing power parity

holds?
a) 4 euros per dollar

b) 0.80 euros per dollar

c) 1.25 euros per dollar

d) 20 euros per dollar

1 answer:

anzhelika [568]3 years ago

7 0

D <span>20 euros per dollar</span>

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