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Economics
MEDIUM
ENGLISH
Economics
IF when cost $4 per bushel in the United States and 2 pounds per bushel in Great Britain then in the presence of purchasing power parity the exchange rate should be ?
A
$50 per pound
Option A
B
$1.00 per pound
Option B
$2.00 per pound
Correct answer
D
$8.00 per pound
Option D
Correct answer: C
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