Question based on big mac purchasing power parity

Reference no: EM13827151

Problems:

In June 2005, a Big Mac sold for 6,000 pesos in Colombia and $3.00 in the United States. The exchange rate in June 2005 was 2,300 pesos per US Dollar. So, on Big Mac purchasing power parity grounds the Colombian peso was i. _________.ii. Briefly Explain?

Additional Information:

The problem is belongs to financial basics and it is explains The exchange rate in June 2005 was 2,300 pesos per US Dollar. So, on Big Mac purchasing power parity grounds the Colombian peso was i. _________.ii. Briefly Explain?

Reference no: EM13827151

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