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Darina [25.2K]
2 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
Business
1 answer:
anzhelika [568]2 years ago
7 0
D <span>20 euros per dollar</span>
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