The exchange rate between the British pound and the U.S. dollar is 2. In England, the price level is 1.0 and the one-year interest rate is 20%. In the United States, the price level is .8 and the one-year interest rate is 8%. The inflation rate in both countries is zero. Refer to the information above. The real exchange rate (from the United States' perspective) is _________.
a. .625.
b. .8.
c. 1.6.
d. 2.0.
e. none of the above