Purchasing power parity means equal rates of return.

Name: Purchasing power parity means equal rates of return.
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Question

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Purchasing power parity (PPP) refers to the economic theory that the exchange rate between two currencies should equalize the purchasing power of the two currencies, allowing the same basket of goods to be purchased for the same amount in both currencies. It does not directly relate to rates of return.

Purchasing Power Parity Means Equal Rates of Return