Question
A Big Mac costs 3.1 in Europe, while it costs $5.1 in the U.S. The actual market exchange rate is S($/)=1.2. Then real (effective) exchange
A Big Mac costs 3.1 in Europe, while it costs $5.1 in the U.S. The actual market exchange rate is S($/)=1.2. Then real (effective) exchange rate implied by the Big Mac is__________. (Please keep two decimal numbers.)
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Crisis Risk And Stability In Financial Markets
Authors: Juan Fernández De Guevara Radoselovics , José Pastor Monsálvez
1st Edition
1137001828, 978-1137001825
