While traveling in various countries, you occasionally resort to U.S. food. You pay the following prices for
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While traveling in various countries, you occasionally resort to U.S. food. You pay the following prices for a Big Mac:
India – 210 rupee
Kuwait – 1.39 dinar
Sweden – 34.90 krona
Ukraine – 133 rubles
If the price of a Big Mac is $4.59 in the United States, what are the implied exchange rates for these currencies?
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Indirect Direct 1Indirect Rupees 457516 ...View the full answer
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