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Economics Exam Prep: Certification Test 343

Functions of Foreign Exchange Market Learning App & e-Book: MCQ 343

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MCQ: 343

In competitive markets free of transportation costs and trade barriers, identical products sold in different countries must sell for the same price when their price is expressed in terms of the same currency is known as

  1. law of one price
  2. purchasing power parity
  3. money supply inflation
  4. dollarization of the economy

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