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Suppose the is currently undervalued by 7.5% versus the USD. Its kind of peculiar, but this means the USD/ exchange rate would have to appreciate
Suppose the is currently undervalued by 7.5% versus the USD. Its kind of peculiar, but this means the USD/ exchange rate would have to appreciate 8.108% in order for the to be neither undervalued nor overvalued.
A. True
B. False
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