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one peso is worth 6.2 pound and 1.48 yuan. One yuan is worth 4.73 pound. Which statement is most consistent with the triangle arbitrage equilibrium
one peso is worth 6.2 pound and 1.48 yuan. One yuan is worth 4.73 pound. Which statement is most consistent with the triangle arbitrage equilibrium condition?
the peso is undervalued relative to the yuan
the peso is undervalued relative to the pound
the yuan is undervalued relative to the pound
B, C correct
Non correct
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