If Purchasing-Power Parity Holds, Which of the Following Is the Implication

question 103

Multiple Choice

If purchasing-power parity holds, which of the following is the implication for the Canadian dollar?

• A)The Canadian dollar will buy more goods in foreign countries than in Canada.
• B)The Canadian dollar will buy as many goods in foreign countries as it does in Canada.
• C)The Canadian dollar will buy fewer goods in foreign countries than it does in Canada.
• D)The amount of goods that the Canadian dollar buys is not determined by purchasing power parity.

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