Foreign exchange and commodity prices. While traveling in the following countries, you occasionally resort to U.S. food. You pay the following prices for a Big Mac India: 214 rupees Kuwait: 1.39 dinars Sweden: 34.37 kronor Ukraine: 137 rubles If the price of a Big Mac is $4.07 in the United States, what are the implied exchange rates for these currencies?

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A:

Q: AnswerUS dollars after the arbitrage.

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.