The average price of a Big Mac in the United States is $3.58.If the "Big Mac Index" is an accurate indicator,which of the following currencies would be the most overvalued?
A) Japanese yen;average price of a Big Mac equals $3.50
B) South African rand;average price of a Big Mac equals $2.46
C) Norwegian krone;average price of a Big Mac equals $7.02
D) Chinese yuan;average price of a Big Mac equals $1.83
Correct Answer:
Verified
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