The Company That Rebuilt the Stretch of the Bay Bridge

question 15

Multiple Choice

The company that rebuilt the stretch of the Bay Bridge that connects San Francisco and Oakland was a(n)

• A) American company.
• B) Chinese company.
• C) Canadian company.
• D) Swedish company.

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Definitions:

Purchasing Power Parity

A theory which states that exchange rates between currencies are in equilibrium when their purchasing power is the same in each of the two countries.

Exchange Rate

The price of one country's currency in terms of another currency, determining how much foreign currency can be exchanged for a unit of domestic currency.

Spot Trade

A transaction for the immediate delivery of a financial instrument or commodity.