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A Big Mac costs 4.8 in Europe , while it costs $4.6 in the U.S. The actual market exchange rate is S($/)=1.1. Then real (effective)
A Big Mac costs 4.8 in Europe , while it costs $4.6 in the U.S. The actual market exchange rate is S($/)=1.1.
Then real (effective) exchange rate implied by the Big Mac is what?
(Please keep two decimal numbers.)
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The Cold Start Problem
Authors: Andrew Chen
1st Edition
0062969749, 978-0062969743
