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Question 37 1 pts Given the information: Price of a BisMac in US: USD 3.75 Price of a Big Mac in Mexico MXN 40 Exchange
Question 37 1 pts Given the information: Price of a BisMac in US: USD 3.75 Price of a Big Mac in Mexico MXN 40 Exchange rate of MXN in Indirect Quote MXN/USD 1 USD = 7.50 MXN According to PPP the prices of Big Mac in US and Mexico will be identical, when 1 USD_MXN 0.09375 7.5 0.13333 10.67
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