Given the Calculation: (12

question 120

Multiple Choice

Given the calculation: (12.02 × 10²³) /22.00 = ?, what is the answer reported to the correct number of significant figures?

• A) 5.56 × 10^-23
• B) 5.55 × 10^-23
• C) 5.5 × 10²²
• D) 5.464 × 10²²

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Definitions:

Absolute Purchasing Power Parity

An economic theory that states the price of a good in one country should equal the price of the same good in another country when exchanged at the current exchange rate.

Halifax

A city in the Canadian province of Nova Scotia, often not directly related to financial terms unless specifying a financial institution or geographic economic analysis.

Currency

Currency refers to money in any form when in use or circulation as a medium of exchange, especially circulating banknotes and coins.

Political Risk

Risk related to changes in value that arise because of political actions.