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15. If P=$1.50 and P=200 pesos, find the real exchange rate in terms of $/peso and peso/$. If the market exchange rate is $/peso=0.0065, which

15. If P=$1.50 and P=200 pesos, find the real exchange rate in terms of $/peso and peso/$. If the market exchange rate is $/peso=0.0065, which currency is overvalued? Which currency should appreciate? Show work. (7 points)

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