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Business, 09.12.2020 21:50 rbull7072

Choose the correct definition of purchasing power parity. In the long run, a unit of currency can buy the same quantity of goods and services anywhere in the world.
In the long run, a unit of currency buys the same amount of a good for a poor person as a rich person.
The currency exchange rate between two nations will always gravitate toward 1 to 1.
The exchange rate from currency A into currency B is the reciprocal of the rate from B into A.

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Choose the correct definition of purchasing power parity. In the long run, a unit of currency can b...

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