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Your favorite running shoes cost $106 in the U.S. while the identical shoes cost Can$123.30 in Canada. According to absolute purchasing power parity, what is

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Your favorite running shoes cost $106 in the U.S. while the identical shoes cost Can$123.30 in Canada. According to absolute purchasing power parity, what is the Can$/$ exchange rate? Multiple Choice Can$1.2097/6 Can$11632/5 Can $1.2463/5 Can$.8597/5 Can$ 89715

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