A product sells for $750 in the United States.The spot exchange rate is $1 to 1.56 Swiss francs.If purchasing power parity (PPP) holds,what is the price of the product in Switzerland?
A) 1,462.50
B) 1,392.30
C) 1,228.50
D) 1,170.00
E) 947.70
Correct Answer:
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