MysticRainbow
Sat Aug 10 2024
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7 answers
1416
What is purchasing power parity exchange rate?
Could you elaborate on the concept of purchasing power parity exchange rate? I'm curious to understand how it differs from other exchange rate mechanisms and how it is calculated. Specifically, I'm interested in knowing how it takes into account the relative prices of goods and services in different countries and how it affects international trade and investment decisions.
