Business, 11.03.2020 21:37 demetricejames

If a cup of coffee costs 2 euros in Paris and $6 in New York and purchasing-power parity holds, what is the exchange rate? 1/4 euro per dollar 1/3 euro per dollar 3 euros per dollar 4 euros per doll

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If a cup of coffee costs 2 euros in Paris and $6 in New York and purchasing-power parity holds, what...

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