Coffee grown in Guatemala is priced at 40 Guatemalan quetzals per pound.Comparable coffee grown in the U.S. is priced at $7.40 per pound. Suppose 1 Guatemalan quetzaltrades for $0.13 on the foreign exchange market.

Find the real exchange rate from the perspective of the United States and from the perspective of Guatemala, and determine whichcountry's coffee is more competitively priced. (Enter your responses rounded to twodecimal places.) The real exchange rate from the perspective of the U.S. is . The real exchange rate from theperspective of Guatemala is . Coffee is more competitively priced in (Click to select) the United States neither country Guatemala