"A Commodity Costs the Same Regardless of What Currency Is

question 82

Multiple Choice

"A commodity costs the same regardless of what currency is used to purchase it." This is a statement of:

• A)Absolute Purchasing Power Parity.
• B)Relative Purchasing Power Parity.
• C)The First Principle of International Finance.
• D)The Conservation of Currency Value.
• E)None of the above.

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