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    Absolute Purchasing Power Parity

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    The price of wheat is the US is 4.25 per bushel and in England it is £1.35. Find the $: £ spot exchange rate

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    https://brainmass.com/economics/exchange-rates/absolute-purchasing-power-parity-175482

    Solution Preview

    The price of wheat is the US is $ 4.25 per bushel and in England it is £1.35. Find the $: £ spot exchange rate.

    ABSOLUTE ...

    Solution Summary

    The solution calculates $: £ spot exchange rate using Absolute Purchasing Power Parity.

    $2.19