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A Big Mac costs 324 roubles in Moscow, and $4.57 in Chicago. If the official exchange rate is $0.016 per rouble, what percentage over
A Big Mac costs 324 roubles in Moscow, and $4.57 in Chicago. If the official exchange rate is $0.016 per rouble, what percentage over or underpriced are roubles? Give your answer in percentage points - if the rouble is 30% overpriced, your answer should be 30, if it's 30 percent underpriced, your answer should be -30.
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Financial Markets And Institutions
Authors: Stanley Eakins Frederic Mishkin
9th Global Edition
1292215003, 978-1292215006
