Wheat sells for $4 a bushel in the United States The price in Canada for a bushel of wheat is 4 56 Canadian dollars The exchange rate is 1 2 Canadian dollars to $1 US Does purchasing power parity exist If not, what changes would need to occur for it to exist ...

The US dollar cost to purchase one bushel of Canadian Wheat Can 456 ...

Wheat sells for $4 a bushel in the United States. The price in Canada for a bushel

Question:

Wheat sells for $4 a bushel in the United States. The price in Canada for a bushel of wheat is 4.56 Canadian dollars. The is 1.2 Canadian dollars to $1 US. Does purchasing-power parity exist? If not, what changes would need to occur for it to exist?
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...