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Business, 20.11.2021 01:10 mia2286

A Starbucks tall latte costs USD 1.78 in Turkey, USD 3.40 in Berlin, and USD 3.09 in Australia, with all prices converted from the local currency costs using market exchange rates. If the tall latte costs USD 3.00 in the US, which local currencies are undervalued against USD and which currencies are overvalued against USD assuming the PPP holds

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