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If the price level in the US is 127, the price level in Mexico is 123, and the nominal exchange rate is 20.49 pesos (Mexico's

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If the price level in the US is 127, the price level in Mexico is 123, and the nominal exchange rate is 20.49 pesos (Mexico's currency) per dollar, what is the real exchange rate from the U.S. perspective? Please round to two decimal places and do not include the "pesos per dollar". For example, if your answer was 5.675 pesos per dollar, you would only enter 5.68. 21.1 Correct Answer 21.16 margin of error +/- 0.02

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