A sandwich costs $6.79 in the U.S.The exchange rate is CAD0.98 = USD1 dollar.What does the identical sandwich have to cost in Canada for the law of one price to exist?
A) C$6.93
B) C$6.79
C) C$6.65
D) C$6.86

Name: A sandwich costs $6.79 in the U.S.The exchange rate is CAD0.98 = USD1 dollar.What does the identical sandwich have to cost in Canada for the law of one price to exist? A) C$6.93 B) C$6.79 C) C$6.65 D) C$6.86
Brand: Quizplus
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Question

Quizplus · Accepted Answer

$6.79 × (C$0.98 / $1) = C$6.65

A Sandwich Costs $6