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(Table: Exchange Rates and Prices) Suppose a Computer Costs $500

Question 116

Multiple Choice

(Table: Exchange Rates and Prices) Suppose a computer costs $500 in the United States. With the price of the computer given in the local currency, the South African rand is _______. (Table: Exchange Rates and Prices) Suppose a computer costs $500 in the United States. With the price of the computer given in the local currency, the South African rand is _______. A) undervalued by 12.0% B) overvalued by 3.0% C) undervalued by 12.5% D) undervalued by 1.25%


A) undervalued by 12.0%
B) overvalued by 3.0%
C) undervalued by 12.5%
D) undervalued by 1.25%

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