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प्रश्न
In the long run, what does Purchasing Power Parity (PPP) state about exchange rates?
पर्याय
Exchange rates reflect differences in price levels between countries
Exchange rates are fixed by the International Monetary Fund (IMF)
Exchange rates are fixed in terms of gold
Exchange rates always rise with higher domestic interest rates
MCQ
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उत्तर
Purchasing Power Parity (PPP) relates exchange rates to price levels between countries in the long run. Differences in domestic and foreign prices are reflected in the exchange rate.
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