How many swiss francs required to purchase one u.s. dollar

Reference no: EM13305493

A box of candy costs 28.80 Swiss francs in Switzerland and $17.5 in the United States. Assuming that purchasing power parity (PPP) holds, how many Swiss francs are required to purchase one U.S. dollar?

a)1.3659
b)1.2507
c)1.4153
d)1.7938
e)1.6457

Reference no: EM13305493

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