In July 2011, the exchange rate between the U.S. dollar and the Brazilian ....

Feb 3rd, 2012
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In July 2011, the exchange rate between the U.S. dollar and the Brazilian real was 1.6 real per dollar. In the same month, the price of a Big Max was 9.36 real in Sao Paulo and $4.00 in New York. Brazil’s interest rate was 12 percent per year and the U.S. interest rate was 1 percent per year.

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