Explain the law of one price.
 A basic IKEA Lack table can be bought around the world for the following prices: 14.99 CAD (Canadian Dollar), 44.90 RON (Romania Lei); 10.00 GBP (British Pound), 22 AUD (Australian Dollar). Assuming that the law of one price applies, calculate the approximate exchange rate between the Canadian dollar and each of the other currencies. Report your results with two decimal places.

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