Purchasing power parity explains how exchange rates cause price differences between two countries.
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Q11: The Big Mac index uses prices of
Q15: When one currency appreciates, another currency must
Q16: Fixed exchange rates are determined in free
Q17: There are at least three exchange rates
Q19: The dollar has depreciated if it buys
Q21: A deficit country, like Argentina in 2001,
Q24: In general, speculators tend to make a
Q27: In 2001, the Argentine peso was overvalued
Q34: The gold standard established fixed exchange rates
Q39: When a government influences the exchange rate
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