Relative Purchasing Power Parity

question 213

Multiple Choice

Relative purchasing power parity:

• A) Explains how an absolute exchange rate is determined at a particular point in time.
• B) States that the cost of a product will be the same regardless of where the product is purchased or the currency used to acquire it.
• C) States that profits cannot be obtained via arbitrage while relative parity exists.
• D) States that the change in an exchange rate over time is related to differences in inflation rates.
• E) States that the price of a good or service is relative to the currency used to pay for that good or service.

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