Economics Homework Help
Economics Homework Help. need economics help question
1. A Canadian wheat farmer wants to buy a
tractor in the United States. The tractor costs $100,000. In the fall of 2005,
the CAD/USD (Canadian dollars to U.S. dollars) exchange rate was 1.2. In the
spring of 2006, the exchange rate was 1.15. In which year would the farmer pay
the least amount of Canadian dollars to buy the tractor?
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