Multiple Choice
If we ignore transportation costs and the price of a pair of Nike shoes in Detroit is 100 U.S. dollars what should be the price of the Nike shoes in Windsor, Canada (in Canadian dollars) if the nominal exchange rate is 1.36 Canadian dollars/1 U.S. dollar?
A) 74
B) 100
C) 136
D) 64
Correct Answer:
Verified
Correct Answer:
Verified
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