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If a Big Mac is selling in the United States for $3.65, what is the implied exchange rate between each of the currencies in the
If a Big Mac is selling in the United States for $3.65, what is the implied exchange rate between each of the currencies in the table? (Enter your responses rounded to two decimal places.) Country Brazil Poland South Korea Czech Republic Big Mac Price 7.60 reais 7.20 zlotys 3,250 won 67.10 korunas Implied Exchange Rate 2.08 reais per dollar 1.97 zlotys per dollar 890.41 won per dollar 18.38 korunas per dollar Actual Exchange Rate 1.58 reais per dollar 2.03 zlotys per dollar 1,018 won per dollar 14.5 korunas per dollar According to your results, the U.S. dollar is overvalued against the South Korean won and undervalued againt the Brazilian real
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