Hockey skates sell in Canada for 105 Canadian dollars. Currently, 1 Canadian dollar equals 0.71 U.S. dollars. If purchasing power parity (PPP) holds, what is the price of hockey skates in the United States?
A) $ 14.79
B) $ 71.00
C) $ 74.55
D) $ 85.88
E) $147.88
Correct Answer:
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