Multiple Choice
The nominal exchange rate is about 2 Aruban florin per dollar. If a basket of goods in the United States costs $50, how many florins must a basket of goods in Aruba cost for purchasing-power parity to hold?
A) 52 florin
B) 25 florin
C) 48 florin
D) 100 florin
Correct Answer:
Verified
Correct Answer:
Verified
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