Problem
Suppose the current U.S.-UK exchange rate is 0.66 pounds (the pound is the UK currency) per dollar, and the aggregate price level is 185 for the U.S. and 134 for the UK.
a. What is the real exchange rate?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.