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Q3. The Big Mac Index is an index published by The Economist as an informal way of measuring the purchasing power parity (PPP) between two

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Q3. The Big Mac Index is an index published by The Economist as an informal way of measuring the purchasing power parity (PPP) between two currencies and provides a test of the extent to which market exchange rates result in goods costing the same in different countries. Explain how a currency speculator would use something like the Big Mac Index in order to make a profit trading currencies

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