If Caf Latte Is Priced At 3 24 In The Us And The Spot Exchange Rate Is 0 7640 Us

If Café Latte is priced at $3.24 in the US and the spot exchange rate is 0.7640 USD/CAD according to the Law of One Price (LOP), the price of that Café Latte in Canada will be:

Question 1 options:

C$3.24

C$4.24

C$2.48

 

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"