suggests that against the dollar,the Chinese yuan is
A) trading fairly,since the Big Mac prices are similar.
B) quite undervalued,since the Chinese Big Mac is almost 50% less expensive than the U.S.$ Big Mac.
C) is overvalued,since the Big Mac sells for almost 50% less in Chinese currency than in U.S.dollars.
D) trading at a historical premium.
Correct Answer:
Verified
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