6. 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) 0.5148 Canadian dollar (CAD) 0.9213 Euro (EUR) 1.3457 Japanese yen (JPY) 0.008226 Mexican peso (MXN) 0.0926 United Kingdom pound (GBP) 1.9695 Suppose that on June 13, 2019, an ornamental bookcase handmade in Mexico is priced at MXN 10,940. The approximate U.S. dollar price of the bookcase would be If the nominal exchange rate for the U.S. dollar-Mexican peso rises from $0.0926 to $0.10186 per Mexican peso, the Mexican peso in value, or relative to the U.S. dollar.Cost of One Unit of Foreign Currency Foreign Currency (Dollars) Brazilian real (BRL) 0.5148 Canadian dollar (CAD) 0.9213 Euro (EUR) 1.3457 Japanese yen (JPY) 0.008226 Mexican $810 0.0926 United Kingdo GBP) 1.9695 $912 $1,013 $1,216 Suppose that on Ju 9, an ornamental bookcase handmade in Mexico is priced at MXN 10,940. The approximate U.S. dollar price of the bookcase would beSuppose that on June 13, 2019, an ornamental bookcase handmade in Mexico is priced at MXN 10,940. The approximate U.S. dollar increases bookcase would be decreases If the nominal exchange rate for the U.S. dollar-Mexican peso rises from $0.0926 to $0.10186 per Mexican peso, the Mexican peso in value, or , relative to the U.S. dollar.Suppose that on June 13, 2019, an ornamental bookcase handmade in Mexico is priced at MXN 10,940. The approximate U.S. dollar price of the bookcase appreciates depreciates If the nor rate for the U.S. dollar Mexican peso rises from $0.0926 to $0.10186 per Mexican peso, the Mexican peso in value, or , relative to the U.S. dollar