Your Favorite Running Shoes Cost $91 in the U

question 56

Multiple Choice

Your favorite running shoes cost $91 in the U.S.while the identical shoes cost Can$114.50 in Canada.According to purchasing power parity,what is the Can$/$ exchange rate?

• A)Can$0.7948/$1
• B)Can$0.8426/$1
• C)Can$0.9108/$1
• D)Can$1.2582/$1
• E)Can$1.3305/$1