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IF when cost $4 per bushel in the United States and 2 pounds per bushel in Great Britain then in the presence of purchasing power parity the exchange rate should be ?

/ Economics Mcqs, Exchange-Rate Determination / By
IF when cost $4 per bushel in the United States and 2 pounds per bushel in Great Britain then in the presence of purchasing power parity the exchange rate should be ?

A. $50 per pound
B. $1.00 per pound
C. $2.00 per pound
D. $8.00 per pound