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Suppose the Price of a Camera in Canada Is $35

Question 93

Multiple Choice

Suppose the price of a camera in Canada is $35 and in the United States it is $30.If the nominal exchange rate is $0.90 American dollar per Canada dollar,what is the value of Canada's real exchange rate?


A) 0.85
B) 0.90
C) 1.00
D) 1.05
E) 1.17

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