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If according to the law of one price if the current exchange rate of dollars per British pound is 175 then at an exchange rate of 185 the dollar is A overvalued B undervalued

 If according to the law of one price if the current exchange rate of dollars per British pound is $1.75/£, then at an 
exchange rate of $1.85/£, the dollar is ________.
A) overvalued
B) undervalued
C) correctly valued
D) unknown relative valuation

Apr 18 2021 View more View Less

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