Question: 1. Foreign exchange and commodity prices . While traveling in the following countries, you see 20-ounce plastic bottles of Coca-Cola. You know the price in

1. Foreign exchange and commodity prices. While traveling in the following countries, you see 20-ounce plastic bottles of Coca-Cola. You know the price in the United States for a Coke is $1.09, but the countries have the following prices:

Canada: C$1.50

Japan: 125

England: 0.60

Average Price across Europe: 0.90

What is the implied exchange rate for U.S. dollars and these four currencies?

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