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While shopping at Forever 21, a clothing store, I came across a price tag that had the following information printed on it: UK 27 EU
While shopping at Forever 21, a clothing store, I came across a price tag that had the following information printed on it: UK 27 EU 35 US $34.95 CAN $36.95 As of November, 2020, the following exchange rates were found: GBP/CAD = 1.7294 EUR/CAD = 1.5533 USD/CAD = 1.2985 Which of the following statements are correct regarding the price for the sweater? Select one: O a. The sweater costs the least if purchased using Canadian dollars O b. The sweater would cost CAD 46.69 if purchased in GBP c. The sweater would cost CAD 53.37 if purchased in EUR O d. All of the above are true O e. Only a) and b) are true Based on the information presented in the Question above regarding the sweater for sale in Forever 21, which of the following statements are true? Select one: O a. You could say that Absolute Purchasing Power Parity exists, based on these prices O b. Absolute Purchasing Power Parity does NOT exist with respect to this sweater. O c. None of the above statements are true
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