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Spot Rate: Suppose a BMW 745i car is priced at $70,000 in New York and 52,000 Euros in Berlin. In which place is the care

Spot Rate: Suppose a BMW 745i car is priced at $70,000 in New York and 52,000 Euros in Berlin. In which place is the care more expensive is the spot rate is $1.30/Euro?

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