Question
The theory which states that exchange rates between
currencies are in equilibrium when their purchasing power is the same in each of the two countries, isÂSolution
The alternative to using market exchange rates is to use purchasing power parities (PPPs). The purchasing power of a currency refers to the quantity of the currency needed to purchase a given unit of a good, or common basket of goods and services.
Central Dogma is
Natural rubber is a polymer of
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