If
relative purchasing power between the United States and Argentina is
3.22 pesos per dollar, under which circumstances would we say that the
dollar is “overvalued”? A. if the actual exchange rate between the
dollar and the Argentinean peso is 0.22 pesos per dollar B. if the
actual exchange rate between the dollar and the Argentinean peso is 3.22
pesos per dollar C. if the actual exchange rate between the dollar and
the Argentinean peso is 4 pesos per dollar D. if the actual exchange
rate between the dollar and the Argentinean peso is 3 pesos per dollar
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