The camera you want to buy costs $269 in the U.S. How much will the identical camera cost in Canada if the exchange rate is C$1 = $0.8635? Assume absolute purchasing power parity exists.

Name: The camera you want to buy costs $269 in the U.S. How much will the identical camera cost in Canada if the exchange rate is C$1 = $0.8635? Assume absolute purchasing power parity exists.
Brand: Quizplus
Rating: 4.8 (64 reviews)

Question

Quizplus · Accepted Answer

To find the cost in Canada, divide the U.S. price by the exchange rate: $269 / $0.8635 = approximately $311.52.

The Camera You Want to Buy Costs $269 in the U.S