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can you explain both questions 15 and 16. I don't understand. thank you End Date 3/31/2016 2/29/2016 1/31/2016 12/31/2015 11/30/2015 10/31/2015 9/30/2015 8/31/2015 7/31/2015 6/30/2015

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can you explain both questions 15 and 16. I don't understand. thank you

End Date 3/31/2016 2/29/2016 1/31/2016 12/31/2015 11/30/2015 10/31/2015 9/30/2015 8/31/2015 7/31/2015 6/30/2015 5/31/2015 Monthly Historical Exchange Rates (E = # units of foreign currency/SU.S.) EUR/U.S.D GBP/U.S.D CAD/U.S.D 0.8987 0.7018 1.3225 38,373.70 0.9005 0.6987 1.3793 39,444.80 0.9203 0.6938 1.4179 38,911.16 0.9177 0.6665 1.3709 37,927.33 0.9316 0.6581 1.3278 37,926.67 0.8909 0.6522 1.3063 37,707.29 0.8898 0.6519 1.3263 38,586.26 0.8982 0.6416 1.3143 39,923.22 0.9084 0.6426 1.2829 36,513.62 0.8911 0.6419 1.235 42,604.49 0.8957 0.6473 1.2177 39,331.67 MXN/U.S.D 17.6284 18.4529 18.0054 17.0652 16.6302 16.5663 16.8362 16.5189 15.926 15.479 15.2667 0.9039 0.6633 0.6416 0.7018 0.8898 0.9316 1.3183 1.2177 1.4179 38,840.93 36,513.62 42,604.49 16.7614 15.2667 18.4529 Period Average Period Low Period High Average monthly BID rates @ +/-0% www.oanda.com/currency/historical-rates/ 15. If the general price level (P) in the U.S. was 100 in comparison to 85 (PM) in Canada on June 30, 2015, what would be the real CAN/US exchange rate? If inflation takes place in Canada, causing its gen- eral price level to rise to 120, what happens to the nominal and real CAN/US exchange rates? If a Canadian tourist travels to the United States on that day, which would offer the traveler greater buying power? Use Table 2.4 for nominal exchange rates. 16. If the general price level (P) in the U.S. was 125 in comparison to 165 (Pf)in Ghana on February 29, 2015, what would be the real GHC/US exchange rate? If inflation takes place in the U.S., causing its general price level to rise to 130, what happens to the nominal and real GHC/US exchange rates? If an American tourist travels to Ghana on that day, which would offer the traveler greater buying power? Use Table 2.4 for nominal exchange rates

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