Suppose a carton of hockey pucks sell in Canada for 105 Canadian dollars, and 1 Canadian dollar equals 0.71 U.S. dollars. If purchasing power parity (PPP) holds, what is the price of hockey pucks in the United States?
A. $14.79
B. $63.00
C. $74.55
D. $85.88
E. $147.88
Answer: C
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