DEEJ8352 DEEJ8352

23-05-2024
Business

Answered

In which situation is the real value of 1 unit of currency the highest?

a) A Big Mac costs 4 pounds in London
b) A Big Mac costs 450 yen in Tokyo
c) A Big Mac costs $4.75 in New York City
d) A Big Mac costs 7 Swiss Francs in Zurich

Answer :

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4,000 at 3% interest for 4 years