Question
QUESTION 19 The Big Mac Index compares the prices of the McDonald's Corporation's Big Mac hamburger around the world, and subsequently determines the exchange rates
QUESTION 19
The "Big Mac Index" compares the prices of the McDonald's Corporation's Big Mac hamburger around the world, and subsequently determines the exchange rates for currencies. If a Big Mac costs $2.25 in Australia and 292 yen in Japan, what is the estimated exchange rate of yen per Australian dollar (/$) as hypothesised by the Hamburger index? (Input only numbers as your final answer. Round your answer to two decimal places.)
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Banking With Integrity The Winners Of The Financial Crisis
Authors: Dr Heiko Spitzeck , Dr Michael Pirson, Dierksme , Dr. Heiko Spitzeck , Prof. Claus Dierksmeier, Dr. Michael Pirson
1st Edition
0230289959,0230346499
