A box of candy costs 12.80 euros in Germany and $20 in Canada.Assuming that the law of one price holds,what is the current exchange rate?
A) 1 Canadian dollar equals 0.64 euros
B) 1 Canadian dollar equals 0.85 euros
C) 1 Canadian dollar equals 1.21 euros
D) 1 Canadian dollar equals 1.56 euros
Correct Answer:
Verified
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