Which One of the Following Formulas Expresses the Absolute Purchasing

question 98

Multiple Choice

Which one of the following formulas expresses the absolute purchasing power parity relationship between the U.S.dollar and the British pound?

• A)S₀ = P_UK × P_US
• B)P_US = F_t × P_UK
• C)P_UK = S₀ × P_US
• D)F_t = P_US × P_UK
• E)S₀ × F_t = P_UK × P_US

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