Question: Question 25 2.5 pts Questions 24-25 are based on the following information According to January 16th issue of the Economist, the current price of Big

Question 25 2.5 pts Questions 24-25 are based on the following

Question 25 2.5 pts Questions 24-25 are based on the following information According to January 16th issue of the Economist, the current price of Big Mac in US is around $3.73, while the price of Big Mac in Japan is around JPY320. The current exchange rate is JPY82.5/$ What currency is claimed to be "undervalued" based on "Big MacCurrency"? USD JPY It is fair-priced so no currency is undervalued

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