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    Currency Conversion Question !!!

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    A television set sells for $1,000 U.S. dollars. In the spot market, $1 = 110 Japanese yen. If purchasing power parity holds, what should be the price (in yen) of the same television set in Japan?

    a. 80,000 yen
    b. 90,000 yen
    c. 100,000 yen
    d. 110,000 yen

    © BrainMass Inc. brainmass.com October 10, 2019, 12:42 am ad1c9bdddf
    https://brainmass.com/math/consumer-mathematics/currency-conversion-question-302513

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    Question --
    A television set sells for $1,000 U.S. dollars. In the spot market, $1 = 110 ...

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    $2.19