Use the Following to Answer Questions

question 341

Multiple Choice

Use the following to answer questions:
A car costs $30 000 in Canada and the exchange rate is $1 = £0.50.The same car costs £12 000 in Britain.
-(Scenario: Purchasing Power Parity) Refer To Scenario: Purchasing Power Parity.For there to be purchasing power parity,the nominal exchange rate for the dollar must be:

• A) £2.
• B) £1.25.
• C) £1.
• D) £0.40.

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Definitions:

Passive Voice

A grammatical construction where the object of an action becomes the subject of the sentence, emphasizing the action rather than the doer.

Priority

The fact or condition of being regarded or treated as more important than others.

Daily Log

A record maintained on a daily basis, listing activities, completed tasks, and noteworthy events, often used for personal or professional tracking.

Follow-up Correspondence

The exchange of communication that occurs after an initial meeting or conversation, aiming to continue dialogue or confirm outcomes.