Question: In 2020 the PPP based exchange rate between the US and Canada was CAD 1.1981 per US dollar. The nominal exchange rate was CAD 1.3411

In 2020 the PPP based exchange rate between the US and Canada was CAD 1.1981 per US dollar. The nominal exchange rate was CAD 1.3411 per US dollar. What is the real exchange rate in terms of CAD per USD?

0.8930

0.9215

1.1056

1.1194

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