The price of a Big Mac in the US is $3.25 and the price of a Big Mac in Brazil is 46 Real. Then the exchange rate that satisfies the "law of one price" is ____ Real per $1 US. Answer 2.25 0.07 4.25 14.15
The price of a Big Mac in the US is $3.25 and the price of a Big Mac in Brazil is 46 Real. Then the exchange rate that satisfies the "law of one price" is ____ Real per $1 US. Answer 2.25 0.07 4.25 14.15