6. The business section of most major newspapers contains a table showing Canadian exchange rates. Find such a table and use it to answer the following questions.

a. Does this table show nominal or real exchange rates? Explain.

b. What are the exchange rates between the United States and Canada and between Canada and Japan? Calculate the exchange rate between the United States and Japan.

c. If Canadian inflation exceeds Japanese inflation over the next year, would you expect the Canadian dollar to appreciate or depreciate relative to the Japanese yen?