Question: You get the following information about the Big Mac Index as published by the Economist magazine. The price in Singapore (in SGD) is 5.65, the

You get the following information about the Big Mac Index as

You get the following information about the Big Mac Index as published by the Economist magazine. The price in Singapore (in SGD) is 5.65, the price in U.S. (in USD) is 5.50, and the spot exchange rate (SGD/USD) is 1.37. Based on this information, the Real Exchange Rate between Singapore Dollar and USD, i.e. Q(SGD/USD) is O a. 0.75 O b. 1.03 O c. 1 O d. 1.33

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