A Situation in Which Money Buys the Same Amount of Goods

question 145

Multiple Choice

A situation in which money buys the same amount of goods and services in different currencies is called

• A) exchange rate equilibrium.
• B) purchasing power parity.
• C) exchange rate surplus.
• D) exchange rate balance.
• E) a fixed exchange rate.

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Definitions:

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The official website that allows consumers to access their credit reports for free annually from the three major credit bureaus.

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