Solution-In each of the following cases calculate the

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In each of the following cases, calculate the nominal exchange rate assuming purchasing power parity holds.

a. A bottle of wine sells for $16 in the United States and €10 in France.

b. A book sells for $10 in the United States and ¥950 in Japan.

c. A shirt sells for $45 in the United States and £30 in the United Kingdom.

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In each of the following cases calculate the nominal : in each of the following cases calculate the nominal exchange rate assuming purchasing power parity holds.a. a bottle

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