Multiple Choice
John wants to buy a new television set.He can either buy it in the US and pay $1200 or buy it in Canada and pay CAD$1300.At the exchange rate of 1CA$=US$0.92,ignoring any other costs,he would
A) Prefer buying in the US
B) Prefer buying in Canada
C) Be indifferent about where he buys his television
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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