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The Television You Want to Buy Costs $1,419 in Canada

Question 137

Multiple Choice

The television you want to buy costs $1,419 in Canada. If absolute purchasing power parity exists, the identical television will cost _____ in Germany if the exchange rate is 1 EUR = $1.2026.


A) 1,180 EUR
B) 1,267 EUR
C) 1,667 EUR
D) 1,706 EUR
E) 1,723 EUR

Correct Answer:

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