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I bought one of those Stanley insulated mugs at Target for $37.50. MXN/USD is .058 in official currency exchange rate terms. The same Stanley mugs
I bought one of those Stanley insulated mugs at Target for $37.50. MXN/USD is .058 in official currency exchange rate terms. The same Stanley mugs costs 1,570 Pesos in Mexico. Based on these data points, please select the best answer choice below. (Please pay attention to details). A. The real USD/MXN currency exchange rate is .0236. Based on the price of the same Stanley mug in both countries, we can say that the Mexican Pesos is overvalued. Also, I am better off buying the mug in the U.S. B. The real MXN/USD currency exchange rate is .0236. Based on the price of the same Stanley mug in both countries, we can say that the Mexican Pesos is overvalued. Also, I am better off buying the mug in the U.S. C. The real MXN/USD currency exchange rate is .0236. Based on the price of the same Stanley mug in both countries, we can say that the Mexican Pesos is overvalued. Also, I am better off buying the mug in Mexico. D. The real MXN/USD currency exchange rate is .058. Based on the price of the same Stanley mug in both countries, we can say that the Mexican Pesos is overvalued. Also
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