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Calculate the trade balance

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Reference no: EM132842507

Assume that Canada has the following import/export volumes and prices.

Calculate the trade balance.

Price of exports, 15 CAD

Price of imports, 10 USD

Quantity of exports, 1000 units

Quantity of imports, 1100 units

Initial spot exchange rate 0.83 USD/CAD

Reference no: EM132842507

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