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Assume that the USD/JPY exchange rate is 108.58. Which one of the following concepts supports the idea that an item that sells for 500 U.S.

Assume that the USD/JPY exchange rate is 108.58. Which one of the following concepts supports the idea that an item that sells for 500 U.S. dollars in the U.S. is currently selling in Japan for 54,290 Japanese yen?

Group of answer choices

Interest rate parity

Absolute purchasing power parity

International fisher effect

Uncovered interest rate parity

Unbiased forward rates condition

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