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Question 6 (1 point) Assume that an item costs $100 in the U.S. and the...

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Question 6 (1 point) Assume that an item costs $100 in the U.S. and the exchange rate between the U.S. and Canada is: $1 - C$1.27. Which one of the following concepts supports the idea that the item that sells for $100 in the U.S. is currently selling in Canada for $127? Uncovered interest rate parity. Purchasing power parity Interest rate parity International fisher effect Unbiased forward rates condition

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