Answer: For absolute purchasing power to hold, the products must be identical in all markets.
Explanation:
Purchasing power parity (PPP) measures the prices in different sectors using a particular product to differentiate the absolute purchasing power that exists between currencies. Purchasing power parity produces an inflation rate which equals the price of the basket of products at a location divided by the price of basket of products at a different location. In PPP, the products compared must be identical.
Purchasing power parity (PPP) is a theoretical rate of exchange that allows an individual to buy the same quantity of goods and services in all countries. According to purchasing power parity, two currencies are in equilibrium when a basket of goods has the same price in two countries, with the exchange rates taken into account.
Checking account makes one's money available when and where you need it while also keeping it safe.
Let first understand that Checking account is an account that facilitates easy withdrawal and deposit at any period of time while Saving account is an account used primarily for savings.
- Usually, a saving account does not allow withdrawal until maturity period, but the Checking account is opposite because its an account that is made ready for withdrawal of money therein.
In conclusion, a debit card are issued with the Checking account to ensure your money is available when and where you need it.
Learn more about Checking account here
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Answer:
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Answer:
statistical software
Explanation:
Statistical software -
It refers to the specially designed programs of the computer , which is capable to very efficiently collect , interpret , organize and design the data , is referred to as statistical software .
There are two type of statistical softwares -
The advantage of these software are -
- These software are very beneficial in business , during any major project work.
- Plan the project in a better manner .
- Random data can be easily analysed by these software .
- The efficiency is very high .
Answer: Variable cost; should be considered
Explanation:
For a nail salon, the costs associated with the purchase of nail polish and other products like polish remover and disposable flip flops are examples of variable costs. These should be considered when building a MCS.
Variable costs are the costs that varies with production. They are the opposite of fixed costs which are fixed. The nail polish and other products like polish remover and disposable flip flops are variable costs because the amount that'll be bought depends on the available customers and therefore isn't fixed.
