HoOhTsuden
HoOhTsuden
22-05-2023
Mathematics
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Suppose a price of a pair of shoes is $40 in the United States and 600 pesos in Mexico. What is the nominal exchange rate if purchasing-power parity holds?
Plz help with this question and explain
Suppose a price of a pair of shoes is $40 in the United States and 600 pesos in Mexico. What is the nominal exchange rate if purchasing-power parity holds?
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