6. Pricing foreign goods The exchange rate is the price of one currency in terms of another currency. An exchange rate specifies how many units of one country's currency equal one unit of another country's currency. Suppose the following table forecasts exchange rate data for November 26, 2020, in terms of Canadian dollars per unit of foreign currency. Use the information in the table to answer the questions that follow. Foreign Currency Canadian Dollars (CDN$) per Unit of Foreign Currency Brazilian real (R$) 0.4314 U.S. dollar (US$) 1.1759 Euro (E) 1.5645 Japanese yen () 0.011484 Mexican peso (MEX$) 0.1047 UK pound (E) 2.2331 Suppose that on November 26, 2020, an ornamental bookcase handmade in Germany is priced at $2,000. The approximate Canadian dollar price of the bookcase would be If the exchange rate for the Canadian dollar-Brazilian real rises from the rate given by the table to CDN$0.481 per real, the value of the Canadian dollar relative to the real