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If the price level in the U.S. is 123, the price level in Mexico is 118, and the real exchange rate is 20.48 pesos (Mexico's

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If the price level in the U.S. is 123, the price level in Mexico is 118, and the real exchange rate is 20.48 pesos (Mexico's currency} per dollar, what is the nominal exchange rate from the U.S. perspective? Please round to two decimal places and do not lnclude the "pesos per dollar". For example, ll your answer was 5. 675 pesos per dollar, you would only enter 5.58. 21.3 Correct Answer 19.65 margin of error +r 0.02

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