(Table: Exchange Rates and Prices) Suppose a computer costs $500 in the United States. With the price of the computer given in the local currency, the Brazilian real is _______.
A) undervalued by 22%.
B) undervalued by 12%.
C) overvalued by 9.1%.
D) overvalued by 20%.

Question

(Table: Exchange Rates and Prices) Suppose a computer costs $500 in the United States. With the price of the computer given in the local currency, the Brazilian real is _______. 
A) undervalued by 22%. 
B) undervalued by 12%. 
C) overvalued by 9.1%. 
D) overvalued by 20%.

Quizplus · Accepted Answer

The Answer of (Table: Exchange Rates and Prices) Suppose a computer costs $500 in the United States. With the price of the computer given in the local currency, the Brazilian real is _______. 
A) undervalued by 22%. 
B) undervalued by 12%. 
C) overvalued by 9.1%. 
D) overvalued by 20%.

(Table: Exchange Rates and Prices) Suppose a Computer Costs $500