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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Purchasing power parity
Hi, please may I know what does it mean by “Base country” in the purchasing power parity? Is it the home country, or?
Thank you.
It is the currency against which the other currency is being quoted.
I do make this clear in my free lectures on purchasing power parity.
I see. Thanks a lot.
You are welcome.
(Are you actually watching the free lectures? 🙂 )
Yes. In fact, I have watched all the free lectures for the AFM. 🙂
Great 🙂