Purchasing power parity (PPP) and Big Mac index
state and deswcribe the global financing and exchange rate on topic : Purchasing power parity (PPP) and Big Mac index
1. State Purchasing power parity (PPP) and Big Mac index
2. Describe how Purchasing Power Parity (PPP)and Big Mac index are utilized in global financing operations and explain the significance in managing risks.
Answer in terms of introduction, body, and summary/conclusion.