Purchasing Power Parity (PPP) theory states that A. the exchange rate between currencies of two...
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Finance
Purchasing Power Parity (PPP) theory states that
A. the exchange rate between currencies of two countries should be equal to the ratio of
the countries' price levels.
B. as the purchasing power of a currency sharply declines (due to hyperinflation) that
currency will depreciate against stable currencies.
C. the prices of standard commodity baskets in two countries are not related.
D. both a) and b)
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