Multiple Choice
If we ignore transportation costs and the price of a pair of Nike shoes in Detroit is $100 U.S.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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