22) One year ago the spot rate of U. S. dollars for Canadian dollars was $1/C$1. Since that time the rate of inflation in the U. S. has been 4% greater than that in Canada. Based on the theory of Relative PPP, the current spot exchange rate of U. S. dollars for Canadian dollars should be approximately . A) $0.96/C$ B) $1/C$1 C) $1.04/C$1 D) relative PPP provides no guide for this type of question