A product sells for 750 in the united states. the exchange, Ask an Expert

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A product sells for $750 in the United States. The exchange rate is $1 to 1.65 Swiss francs. If purchasing power parity (PPP) holds, what is the price of the product in Switzerland?

a. 123.75 Swiss francs

b. 454.55 Swiss francs

c. 750.00 Swiss francs

d. 1,237.50 Swiss francs

e. 1,650.00 Swiss francs

There is no word limit. Please, prepare the explanation.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M949032

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