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exehange rate is 6 9 Chinese yean per dollar, purchasing power parity perdicts that A ) the youan is undervalied. B ) the dollar is

exehange rate is 69 Chinese yean per dollar, purchasing power parity perdicts that
A) the youan is undervalied.
B) the dollar is usektvalood.
C) the yuan is overvalued.
D) both the dollar and the yaua are uralervaluod.
Table 1
\table[[Scenario,\table[[Cument interest],[mate - U.S.]],\table[[Current inserest],[rate - Japan]],Current exchange rate,\table[[Expected exchange],[raie in 1 year]]],[A,2%,4%,7100=51,sin 3=51
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