Based on comparison does the canadian dollar cost

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In your own words explain, The Canadian $ price of gasoline is currently $C5.00 per gallon and the US Dollar price is $2.75 a gallon. Based on PPP and using the price of gasoline to determine what the $/$C dollar FX rate should be based on what they each buy, what should be the current $/$C FX rate? What is the actual FX rate in the FX market (cite data source. Based on this comparison does the Canadian Dollar cost too much or too little in US Dollars?

Reference no: EM131915043

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