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:
Verified
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