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Commerce · Q162

Business Environment and International Business

Graduate and Post Graduate · Commerce · question 162

Q162

This theory maintains that exchange rates will tend towards the point at which their international purchasing power is equal. What is this called?

A.
Gross Value Added
B.
Purchasing Power Parity
Answer
C.
Gross Domestic Product at nominal price
D.
Net National Income

Answer: Option B

Solution

Answer: Option B
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