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Question 4 1 pts Currently, you get the price of a Canadian dollar is 19 Dirham (the official currency of Maroc). In Canada, you can
Question 4 1 pts Currently, you get the price of a Canadian dollar is 19 Dirham (the official currency of Maroc). In Canada, you can buy a Big Mac for C$6. If the price of a Big Mac is 125 Dirham in Maroc, which of the following is true according the the theory of Purchasing Power Parity? Relative to the Canadian dollar, the Dirham is currently overvalued. We expect the Dirham to appreciate. Relative to the Canadian dollar, the Dirham is currently undervalued. We expect the Dirham to depreciate. Relative to the Canadian dollar, the Dirham is currently overvalued. We expect the Dirham to depreciate. Relative to the Canadian dollar, the Dirham is currently undervalued. We expect the Dirham to appreciate
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