Start learning →

A computer costs 500 US dollars in New York and 2000 HK dollars in Hong Kong. PPP rate per US dollar is

A0.25
B2.5
C4
D40
Answer & Solution
Correct answer: C. 4
2000 divided by 500 gives 4 HK dollars per US dollar.
Practise this question with Quill — CA Final →

Keep practising Foreign Exchange Exposure and Risk Management

Browse all Foreign Exchange Exposure and Risk Management questions for CA Final, or explore more Strategicfinancialmanagement topics.

Start a Foreign Exchange Exposure and Risk Management lesson →
Related questions