Go to the St. Louis Federal Reserve FRED database, and find data on the exchange rate of

Question:

Go to the St. Louis Federal Reserve FRED database, and find data on the of U.S. dollars per British pound (DEXUSUK). A Mini Cooper can be purchased in London, England, for £17,865 or in Boston, United States, for $23,495.
a. Use the most recent available to calculate the real of the London Mini per Boston Mini.
b. Based on your answer to part (a), are Mini Coopers relatively more expensive in Boston or in London?
c. What price in British pounds would make the Mini Cooper equally expensive in both locations, all else being equal?
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...