Purchasing Power Parity

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April 7, 2019 at 5:32 pm #511397
trentwolff
Member
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Hi Chris,

In your video on the purchasing power parity (Chapter 1 – example 11) you said the base currency is £ but the question has it as $/£1.70 – doesn’t this mean that the $ is the base currency?
May 20, 2019 at 10:07 am #516539
P2-D2
Keymaster
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Hi,

I suppose it technically does but don’t worry as the questions in the exam are clear as to which is the base currency and how the exchange rate works.

Thanks
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