What does it mean to say that, at an exchange rate of 1 USD = 60 INR,

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What does it mean to say that, at an exchange rate of 1 USD = 60 INR, the U.S. dollar is overvalued and the Indian rupee is undervalued?

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Economics

ISBN: 287201

6th Global Edition

Authors: Daron Acemoglu, David Laibson, John A. List

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Question Posted: Nov 18, 2024 02:00 AM

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What does it mean to say that, at an exchange rate of 1 USD = 60 INR, the U.S. dollar is overvalued and the Indian rupee is undervalued?
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What does it mean to say that, at an exchange rate of 1 USD = 60 INR,

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Economics

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