A 2013 Toyota Camry can be bought in Buffalo, NY, for $18,620. The same model Camry can be purchased across the Canadian border in Hamilton, ON. If cars could be freely traded across the border, what would be the expected price of a 2013 Toyota Camry in Hamilton in Canadian dollars, given that $1 U.S. is equal to $0.92 Canadian?
A) $17,130
B) $24,287
C) $20,239
D) $28,335

Question

Quizplus · Accepted Answer

A) The expected price in Hamilton in Canadian dollars is 11ea84dc_f581_3ab9_9a63_178d498c4fb0_TB1316_11_TB1316_11 $17,130

A 2013 Toyota Camry Can Be Bought in Buffalo, NY