Consider the Following Spot Exchange Rates: $2 $\le$ , *6562/$, DM1 $\le$

question 61

Multiple Choice

Consider the following spot exchange rates: $2.56/ $\le$ , *65.62/$, DM1.0/$, and L1,263/$.Which of the following seems to violate the law of one price if gold sells for $464 per ounce in the Canada? Dollars in the exchange rates are Canadian.

• A)1 troy oz.gold = \(\le\)181,250
• B)1 troy oz.gold = *1030,448
• C)1 troy oz.gold = DM464
• D)1 troy oz.gold = L550,500

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