QUESTION 49 If a Big Mac costs you $5 in New York City and 20 in Beijing of China, according to the law of one price the exchange rate between Chinese Yuan and USD would be 0.25/5 O *4/5 O $4 O $0.25 QUESTION 50 exchange rate system and exchange rate system. Foreign exchange rate is priced basically by two price systems called fixed, pes O floating, flexible O floating, fixed O soft peg, hard peg QUESTION 49 If a Big Mac costs you $5 in New York City and 20 in Beijing of China, according to the law of one price the exchange rate between Chinese Yuan and USD would be 0.25/5 O *4/5 O $4 O $0.25 QUESTION 50 exchange rate system and exchange rate system. Foreign exchange rate is priced basically by two price systems called fixed, pes O floating, flexible O floating, fixed O soft peg, hard peg