GK
ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Adjustment in Exchange Rates due to different inflation rates in two countries is known as
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On Price Rate
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Interest Rate Parity
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Exchange Power Parity
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Purchasing Power Parity
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Explanation:
Detailed explanation-1: -Relative purchasing power parity (RPPP) is an economic theory that states that exchange rates and inflation rates (price levels) in two countries should equal out over time.
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