A tall latte in China costs 30 yuan. The same latte in the U.S. costs 4 dollars. If the exchange rate is 6.5 yuan per dollar then, the real exchange rate is
a. .867 so the good is more expensive in the U.S.
b. .867 so the good is more expensive in China.
c. 1.154 so the god is more expensive in the U.S.
d. 1.154 so the good is more expensive in China.
b
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