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24-05-2023
Business

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A latte costs 28 yuan in China and $3.50 in the New York. What
is the absolute USDCNY, PPP exchange rate that ensures no latte
arbitrage?
1. A latte costs 28 yuan in China and $3.50 in the New York. What is the absolute USDCNY, PPP exchange rate that ensures no latte arbitrage? $ 3.50 USD cost of latte Yuan cost of latte 28.00 USDCNY PP

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