A television set sells for 1000 us dollars in the spot, Ask an Expert

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A television set sells for $1,000 U.S. dollars. In the spot market, $1 =110 Japanese yen. If purchasing power parity holds, what should be the price (in yen) of the same television set in Japan?

a. 80,000 yen

b. 90,000 yen

c. 100,000 yen

d. 110,000 yen

e. 120,000 yen

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92406696

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