If purchasing power parity holds what is the spot exchange
A deluxe refrigerator costs $1,300 in the United States. The same refrigerator costs 930 British pounds. If purchasing power parity holds, what is the spot exchange rate between pounds and the dollar (expressed as pounds/dollar)?
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a deluxe refrigerator costs 1300 in the united states the same refrigerator costs 930 british pounds if purchasing
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