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6. If the U.S. consumer price index (CPI) is 120.72, the CPI for France is 112.37, and the nominal exchange rate is 1 US$ =

6. If the U.S. consumer price index (CPI) is 120.72, the CPI for France is 112.37, and the nominal exchange rate is 1 US$ = 0.885 euros, the U.S. real exchange rate is a. 1.21 b. 0.82 c. 0.95 d. 1.05

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