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Question
Suppose a carton of hockey pucks sell in Canada for 105 Canadian dollars, and 1 Canadian dollar equals 0.71 U.S. dollars. If purchasing power parity (PPP) holds, what is the price of hockey pucks in the United States?a. $14.79
b. $63.00
c. $74.55
d. $85.88
e. $147.88
Answer
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