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30-04-2024
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What does the Purchasing Power Parity theory of exchange rates predict will be the exchange rate in this situation.
Price of table in England is 20 pounds.
Price of identical table in America is $60.
A. 40 pounds per $1.
B. 80 pounds per $1.
C. 0.33 pounds per $1.
D. 3 pounds per $1.

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