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A year ago, the spot exchange rate between the Canadian dollar and euro was CD$1.25/( and a standard basket of consumer products cost 6100 in

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A year ago, the spot exchange rate between the Canadian dollar and euro was CD$1.25/( and a standard basket of consumer products cost 6100 in Germany, while the same standard basket cost CD$125 in Canada. Today, the spot exchange rate between the Canadian dollar and the euro is CD$1.26/6, and the same standard basket of consumer products costs (104 in Germany and CD$128 in Canada. Based on the real exchange rate analysis, the German products have become competitive by A more; 0.8% B less; 0.8% C more; 2.4% less; 2.4%

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