Let a Big Mac hamburger in the U.K sell for £1.99. Also, let the same hamburger sell for $2.71 in the U.S. Finally, the actual exchange rate (to buy $1.00 with British pounds) is 0.63. According to ------, the British pound is ------ vs the US dollar. a . interest-rate parity - overvalued b . purchasingpower parity - overvalued c . purchasing-power parity - undervalued d . interest-rate parity - undervalued

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