an agreement to exchange two currencies is called a dual currency bond.
an agreement to exchange two currencies is called a(n)?
dual currency bond
Na
Na
the concept of purchasing power parity allows one to estimate what the exchange rate between two currencies would have to be to equate the purchasing power of the two currencies. observed deviations of the exchange rate from purchasing power parity are measured by deviations of the real exchange rate from its ppp value.
purchasing power parity