A gift you want to buy costs $119 in Canada.Assume purchasing power parity exists and you can exchange $1 for Can$1.14 or you can exchange ¥119.2 for $1.How much will the same gift cost in Japan?
A) ¥11,668
B) ¥12,443
C) ¥13,603
D) ¥15,843
E) ¥16,171
Correct Answer:
Verified
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