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Answer to Question #14197 in Other Management for John

Question #14197
4. A product sells for $750 in the United States. The exchange rate is $1 to 1.65 Swiss francs. If purchasing power parity (PPP) holds, what is the price of the product in Switzerland?
a. 123.75 Swiss francs
b. 454.55 Swiss francs
c. 750.00 Swiss francs
d. 1,237.50 Swiss francs
e. 1,650.00 Swiss francs
Expert's answer
d. 1,237.50 Swiss francs

$750/1.65=1,237.50


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