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In 2018, the cost of a Starbucks Grande Latte in Japan was 350, or $3.25 when converted using the exchange rate of 108 (1 USD

In 2018, the cost of a Starbucks Grande Latte in Japan was 350, or $3.25 when converted using the exchange rate of 108 (1 USD = 108 JPY). In the United States, the same Starbucks Grande Latte costs $4.45. Calculate the Real Exchange Rate between the United States and Japan based on the price of a Starbucks Grande Latte

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