Relative Purchasing Power Parity

Relative purchasing power parity:

A) Explains how an absolute exchange rate is determined at a particular point in time.
B) States that the cost of a product will be the same regardless of where the product is purchased or the currency used to acquire it.
C) States that profits cannot be obtained via arbitrage while relative parity exists.
D) States that the change in an exchange rate over time is related to differences in inflation rates.
E) States that the price of a good or service is relative to the currency used to pay for that good or service.