Question: 1. Using the data in Table 15.1, find the nominal exchange rate between the Mexican peso and the Japanese yen. Express in two ways. How

1. Using the data in Table 15.1, find the nominal exchange rate between the Mexican peso and the Japanese yen. Express in two ways. How do your answers change if the peso appreciates by 10 percent against the dollar while the value of the yen against the dollar remains unchanged? LO1

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