Question
n a hypothetical world, between last year and this year, the CPI in The United States of America rose from 105 to 110 and the
n a hypothetical world, between last year and this year, the CPI in The United States of America rose from 105 to 110 and the CPI in Japan rose from 95 to 105. The United States of America's currency unit, the Dollar(USD), was worth 1.14(USD) per Canadian dollar last year and is worth 0.94(USD) per Canadian dollar this year. Japan's currency unit, the Yen(JPY), was worth 88.77(JPY) per Canadian dollar last year and is worth 88.7(JPY) per Canadian dollar this year.
a)Find the percentage change from last year to this year in The United States of America'snominalexchange rate with Japan (measured as # of Dollars/1 Japan Yen)
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