Answer to Question #14197 in 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
1
Expert's answer
2012-09-07T09:28:59-0400
d. 1,237.50 Swiss francs

$750/1.65=1,237.50


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