If the price of a Toyota Camry is Y2,000,000 and the price of a Ford Fusion is $20,000, according to the law of one price, the exchange rate between the yen and the dollar should be:
A) Y100 = $1
B) $100 = Y1
C) Y1,980,000=$1
D) the law of one price does not apply since the goods are differentiated
Correct Answer:
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