A particular set of golf clubs in the U.S.costs $1,100.According to absolute purchasing power parity,what should the identical set of clubs cost in the UK when the spot rate is £0.6703 = $1?
A) £1,641.06
B) £1,728.08
C) £633.80
D) £647.50
E) £737.33
Correct Answer:
Verified
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