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Suppose That a Commodity Costs the Same Regardless of What \le

Question 60

Multiple Choice

Suppose that a commodity costs the same regardless of what currency is used to purchase or where it is selling. The spot exchange rate is 2.3638 Canadian dollars per British pound. If a computer notebook costs C$1,695 in Canada, how much should it cost in Britain?


A) \le 253
B) \le 396
C) \le 4,007
D) \le 682
E) \le 717

Correct Answer:

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