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boland boland
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Posts: 1892
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8 years ago
American college students on the USA-Canadian border have discovered they can buy Canadian beer for less money than what they pay in the states. Recently Jerry paid C$5.50 for a six-pack of beer while he was in Canada while his roommate, Ben, paid $5.75 for a six-pack of the same beer in the states. If the current exchange rate is $1.0335/C$, who paid less and why?
A) Jerry paid less because his purchase cost 5.32 in USD.
B) Jerry paid less because his purchase cost 5.68 in USD.
C) Ben paid less because his purchase cost C$5.26.
D) Ben and Jerry actually paid the same amount for their beer. Markets are efficient!
Textbook 
Fundamentals of Multinational Finance

Fundamentals of Multinational Finance


Edition: 5th
Authors:
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noxx53noxx53
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8 years ago
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boland Author
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#2
8 years ago
Woah how do you have the time to do all this?!

Thanks Smiling Face with Open Mouth
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#3
8 years ago
You're welcome Wink Face
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