Which of the following cities does NOT contain a Federal Reserve bank?

Which of the following is true about the Fed?

A. It has a lot of power to affect the inflation rate, but not the unemployment rate. B. It cannot directly affect the economy but it can influence institutions that can affect the economy. C. It has more power to affect the economy than any other institution. D. It has no real power since in the long run, money is neutral.

If the price level in the United States is 110, the price level is 120 in Mexico, and the nominal exchange rate is 140 pesos per dollar, what is the real exchange rate from the U.S. perspective?

A) 94 B) 115 C) 128 D) 153