What Is Meant by Purchasing Power Parity

question 33

Multiple Choice

What is meant by purchasing power parity?

• A) The nominal exchange rate will remain the same even as prices and interest rates change.
• B) The nominal exchange rate will adjust in order to keep the real exchange rate constant.
• C) Since exchange rates differ, the same amount of a currency will not buy the same level of goods in another country.
• D) The real exchange rate will re?ect changes in prices while the nominal exchange rate will

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