if-a-product-costs-10000-in-japan-and-90-in-the-us-what-should-the-exchange-rate

Question

If a product costs ¥10,000 in Japan and $90 in the US, what should the exchange rate be to maintain Purchasing Power Parity?

Accepted Answer

$1 = ¥111.11

Answer

$1 = ¥90.00

Answer

$1 = ¥120.00

Answer

$1 = ¥100.00

If a product costs ¥10,000 in Japan and \$90 in the US, what should the exchange rate be to maintain Purchasing Power Parity?