Your favorite running shoes cost $91 in the U.S.while the identical shoes cost Can$114.50 in Canada.According to purchasing power parity,what is the Can$/$ exchange rate?
A) Can$0.7948/$1
B) Can$0.8426/$1
C) Can$0.9108/$1
D) Can$1.2582/$1
E) Can$1.3305/$1
Correct Answer:
Verified
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