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Posted on Jul 16, 2024

The price of corn is $ 7 . 6 7 in the USA and 9 0 in Mexico. If absolute PPP is true, then what

The price of corn is $

7.67

in the USA and

90

in Mexico. If absolute PPP is true, then what is the exchange rate?

(

Answer in pesos per dollar. Round to the nearest hundredth.

)

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