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If we set the real effective exchange rate index between Canada and the United States equal to 100 in 1998 and find that the US dollar has risen to a value of 1126 then from a competitive

If we set the real effective exchange rate index between Canada and the United States equal to 100 in 1998, and 
find that the U.S. dollar has risen to a value of 112.6, then from a competitive perspective the U.S. dollar is
A) overvalued.
B) undervalued.
C) very competitive.
D) There is not enough information to answer this question. 

Apr 18 2021 View more View Less

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