The Next Table Shows PPP Exchange Rates (The Price of 1

question 94

Short Answer

The next table shows PPP exchange rates (the price of 1 U.S.dollar in units of the foreign currency)for several countries,determined based on the Big Mac Index.According to this data,what are the predicted exchange rates between the following countries?
a. Argentina and Australia
b. Brazil and Canada
c. Chile and China
d. China and Canada
$$\begin{array} { | l | c | } \hline & \text { pppexchame rate (1US\$=) } \\\hline \text { Urited States (US\$) } & \cdots \\\hline \text { Arentina (Pe50) } & 3.75 \\\hline \text { Australia (As) } & 1.17 \\\hline \text { Brazil (Real) } & 2.33 \\\hline \text { Britain (E) } & 0.61 \\\hline \text { Canada (C) } & 1.12 \\\hline \text { Chile (Pes0) } & 469 \\\hline \text { China (Yuan) } & 3.54 \\\hline\end{array}$$

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Definitions:

Receivables Period

The amount of time it takes for a company to collect payments owed by its customers after a sale has been made, typically measured in days.

Inventory

The goods and materials a business holds for the ultimate goal of resale or production.

Cost of Goods Sold

Material and labor costs that are directly attributable to the manufacturing of a company’s products.

Sales

In the context of business, sales refer to the transactions and activities involved in selling goods or services to customers, often measured in terms of the total revenue generated.