Hello and thank you in advance for you help ! What formula do I use to complete this problem and what's the correct answer
Partner Offers 6. Pricing foreign goods EA Rental Option The nominal exchange rate is the price of ana currency in terms of annther current College Success Tip country's currency are mused to buy one unt at another country's nimency. Career Success Tips Suppeon the following table presents nominal warhangs rate data for August 14, 2019, in terms of U.S. dollars Information in the table to answer the questions that fallem. sn currency, In the ? Help Give Feedback Foreign Currency t of Foreign Currency cost of One Unit at Fore Braclian real (BRL) (Dollars) Cannellie dolar (CAD) 6.3556 0.8493 Fum (EUR) 1.3258 Japanese yen (JPY) 0,009748 Mexican peso (NXN) United Kingdom pound [CEP) 1.5965 Suppose that on August 14, 2019, a me a priced at FRL 2,750. The appra increases olle price of the statue would decreases If the nominal exchange rate for the U.5. dollar-cure rises from $1.3280 to $1.52812 per sure, the euro , relathe to the U.S. collar. Grade It Now Save & Continue Contrue without saving Courses Back to Assignment Catalog and Study Tools Attempts: Knee the Highest: 12 Partner Offers 6. Pricing foreign goods Rental Options The nominal exchange rate is the price of one summercy in terms of anather currency. . sminal exchange rate species how many units of one College Success Tips country's currency are needed to buy one unit ountry's curincy. nts reminal exchange rate data for August 14, 2019, means of U.S. dollars per unit of formign currentcy. Use the Career Success Tips Suppose the following table p cformation in the table to answer the que re that fulow. Help Give Feedback ost of One Unit of Foreign Currency Foreign Currency (Dollars) Brazilian real (BRL) D.SEE6 Caradian dolar [CAD 0.8493 Euro {tun; 1 3285 paness yen UPY) 0.00474 07 xican peso (HXN) 6.0839 $1,ona Kingdam pound (GEF 1,8965 $1.219 an August. 14, 2019, a marble statue ed w BRL 2,750. The approximate U.S. dollar price of the statue would If the nominal exchange rate for the U.S. dollar-euro rises from $1.3288 to $1.52812 per euro, the euro In value, or , reative to the U.S. dolar. Grade it Now Save & Continue Help () Give Feedback Foreign Currency Cost of One Unit of Foreign Currency Benedian real (BRL) (Dollars) Canadian dolar (CAD) 0.3665 Euro (EUR) 0.8493 Japanese yen UPY) 1.3285 C.009748 Mexican peso (MXN] United Kingdom pound (GBP] 1.8965 queestie that on August 14, 2019, a marble s appreciates oximate U.S. saler price of the statue would caprutistes exchange rate for the U.S. dollar-guru ris v . relative to the U.S, dollar In value, or O Grade It Now Save & Continue