question archive A roll of duct tape costs 2 Canadian dollars in Canada and 1

A roll of duct tape costs 2 Canadian dollars in Canada and 1

Subject:EconomicsPrice: Bought3

A roll of duct tape costs 2 Canadian dollars in Canada and 1.75 U.S. dollars in the U.S. The nominal exchange rate is 1.10 Canadian dollars per U.S. dollar. How much does it costs in U.S. dollars to buy it in Canada? How much does it cost to buy it Canadian dollars in the U.S.? Is there an arbitrage opportunity?

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