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The table below shows you Big Mac prices in 5 different regions in local currencies. The table also provides you actual exchange rates as of
The table below shows you Big Mac prices in 5 different regions in local currencies. The table also provides you actual exchange rates as of January 2022. Using Purchasing Power Parity, please find the implied exchange rates for the four missing cells for Britain, China, Euro Zone and Turkey. Big Mac Price in Actual Exchange Country Currency Implied Rate Local Currency Rate* Rate US 5.81 USD Britain 3.59 pound 1.33 ? $/GBP China 24.40 Yuan 6.37 ? Euro area 4.42 1.12 ? CNY/$ $/EUR TRY/$ Turkey 24.99 TL 13.42 ? For Euro Zone what is the implied exchange rate ($/EUR)
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