A market basket of goods and services costs $120 in the United States. Buying the same group of goods and services in Peru would require $150 to be exchanged for Peruvian sols. What is the real exchange rate of the U.S. dollar in this situation?

Question

Quizplus · Accepted Answer

The Answer of A market basket of goods and services costs $120 in the United States. Buying the same group of goods and services in Peru would require $150 to be exchanged for Peruvian sols. What is the real exchange rate of the U.S. dollar in this situation?

A Market Basket of Goods and Services Costs $120 in the United