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Question 19 (5 points) The price level in Canada is 113. The price level in Switzerland is 84. The price level in New Zealand is

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Question 19 (5 points) The price level in Canada is 113. The price level in Switzerland is 84. The price level in New Zealand is 108. If the current spot rate is 0.77 Swiss Francs per Canadian Dollar, which of the following statements are true in regard to Absolute Purchasing Power Parity? The Canadian Dollar is overvalued versus the New Zealand Dollar The New Zealand Dollar is overvalued versus the Swiss Franc The Canadian Dollar is undervalued versus the New Zealand Dollar The Swiss Franc is undervalued versus the Canadian Dollar

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