Real-Time Data Analysis Exercise The following table contains selected daily foreign exchange-rate data from FREDopens in a new tab* for October 06 comma 2023 . Title Value Japan / U.S. Foreign Exchange Rate 149.08 China / U.S. Foreign Exchange Rate 7.296 Mexico / U.S. Foreign Exchange Rate 18.16 *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. Part 2 An exchange rate is simply the price of one currency in terms of another. As such, exchange rates are largely set by the forces of demand and supply. This claim is true . Part 3 All of the above exchange rates are quoted in: A. U.S. dollars per unit of foreign currency. B. Units of foreign currency per U.S. dollar. Your answer is correct. Part 4 Suppose each country sells Big Macs. Using the exchange rates above, convert the foreign price of a Big Mac in each country to its price in U.S. dollars. (Enter your responses rounded to two decimal places.) LOADING... Country Foreign Price Price in dollars Japan 581.41 yen $enter your response here China 16.05 yuan $enter your response here Mexico 47.22 pesos $enter your response here