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Which one of the following statements correspond to the condition that the British pound is...

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Finance

Which one of the following statements correspond to the condition that the British pound is overvalued relative to the US dollar?

The PPP based exchange rate (dollars per pound) is greater than the nominal exchange rate.

The PPP based exchange rate (dollars per pound) is greater than 1.0.

The nominal exchange rate (dollars per pound) is greater than 1.0.

The real exchange rate (dollars per pound) is greater than 1.0.

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