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Business, 07.08.2021 01:00 tlperez1230

One year ago the spot rate of U. S. dollars for Canadian dollars was $1.2/C$. Since that time the rate of inflation in the U. S. has been 5% lower than that in Canada. Based on the theory of Relative PPP, the current spot exchange rate of U. S. dollars for Canadian dollars should be approximately .

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