Back to Assignment Attempts Score / 12 1. Pricing foreign goods The nominal exchange rate is the price of one currency in terms of another currency. A nominal exchange rate specifies how many units of one country's currency are needed to buy one unit of another country's currency. Suppose the following table presents nominal exchange rate data for June 13, 2019, in terms of U.S. dollars per unit of foreign currency. Use the information in the table to answer the questions that follow. Cost of One Unit of Foreign Currency Foreign Currency (Dollars) Brazilian real (BRL) 0.4755 Canadian dollar (CAD) 0.8666 Euro (EUR) 1.2151 Japanese yen (JPY) 0.008538 Mexican peso (MXN) 0.0942 United Kingdom pound (GBP) 1.7552 Suppose that on June 13, 2019, an ornamental bookcase handmade in Germany is priced at EUR 830. The approximate U.S. dollar price of the bookcase would be If the nominal exchange rate for the U.S. dollar-Japanese yen rises from $0.008538 to $0.0093918 per Japanese yen, the Japanese yen in value, or , relative to the U.S. dollar. Save & Continue Continue without saving