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The next table shows PPP exchange rates (the price of 1 U.S. dollar in units of the foreign currency) for several countries, determined based on
The next table shows PPP exchange rates (the price of 1 U.S. dollar in units of the foreign currency) for several countries, determined based on the Big Mac Index. According to this data, what are the predicted exchange rates between the following countries?
PPP exchange rate (1US dollar)
United States (US)
---
Argentina (Peso)
4.45
Australia (Aus dollar)
1.6
Brazil (Real)
2.75
Britain ()
1.04
Canada (Cn dollar)
1.35
Chile (Peso)
495
China (Yuan)
3.45
a. Argentina and Australia
b. Brazil and Canada
c. Chile and China
d. China and Canada
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