This is the same questions as the RER calculation, but you will have to interpret the RER in this case: 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 and interpret the results.