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

Question 46

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 Brazilian real 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 Brazilian real is _______. A) undervalued by 22%. B) undervalued by 12%. C) overvalued by 9.1%. D) overvalued by 20%.


A) undervalued by 22%.
B) undervalued by 12%.
C) overvalued by 9.1%.
D) overvalued by 20%.

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