Question: A consumption bundle costs $15,000. The same consumption bundle costs 12,000 euros in Germany. If the market exchange rate is $1.20 per euro compute the

A consumption bundle costs $15,000. The same consumption bundle costs 12,000 euros in

Germany. If the market exchange rate is $1.20 per euro compute the real exchange rate in terms of dollars per euro.

Group of answer choices

1.04

0.96

0.92

1.08

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