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    International Economics Study Set 12
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    Exam 12: Exchange Rate Determination
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    According to the "Big Mac" Index, If a Big Mac
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According to the "Big Mac" Index, If a Big Mac

Question 196

Question 196

True/False

According to the "Big Mac" index, if a Big Mac costs $2.28 in the United States and 48 baht in Thailand (equivalent to $1.91), then the baht is an undervalued currency.

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