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Suppose that the aggregate price level in Greece is EUR1,618 per consumption bundle, the price level in Argentina is ARS178,593 per consumption bundle, and the

Suppose that the aggregate price level in Greece is EUR1,618 per consumption bundle, the price level in Argentina is ARS178,593 per consumption bundle, and the spot exchange rate is ARS203.27/EUR. If you have EUR45,000 where would you prefer to spend this money? Which currency is overvalued

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