Purchasing power parity is defined as

Name: Purchasing power parity is defined as
Brand: Quizplus
Rating: 4.8 (57 reviews)

Question

Quizplus · Accepted Answer

Purchasing power parity (PPP) is the theory that the exchange rates between two currencies should adjust in order to ensure that a basket of goods and services has the same value in both currencies. This means that each currency should have an equal purchasing power, hence option E - an equal value of money across currencies - is the correct answer.

Purchasing Power Parity Is Defined as