Part A: International Finance The following table shows four nominal exchange rates expressed in Canadian dollars per unit of the foreign currency for two different quarters (Bank of Canada (2020b,a)). The column names are the currency codes. i. AUD: Year i. HKD: 2002 2010 iii. MXN: Quarter 1 1 Appreciated AUD Depreciated 0.8267 Appreciated O Depreciated O Remained unchanged O Appreciated O Depreciated 0.9405 HKD 0.2044 0.1341 a. Indicate whether each of currencies have appreciated, depreciated, or neither, against the Canadian dollar between the two periods. O Remained unchanged MXN O Remained unchanged 0.1750 0.0815 RUB 0.0517 0.0349 iv. RUB: b. What are the MXN/RUB exchange rates for the two periods? Round your answer to the nearest fourth decimal. Appreciated O Depreciated O Remained unchanged i. Year 2002, Quarter 1: Number ii. Year 2010, Quarter 1: Number c. Based on your previous answer, which currency (MXN or RUB) has appreciated against the other (only use 4 decimals to compare them)? MXN RUB None RUB currency. If the price f the good in d. Suppose a Canadian wants to purchase a good in a country country is 500 RUB, how much the Canadian will pay in Canadian dollars? Use the most recent exchange rate in the table and round your answer to the nearest second decimal. Number e. For a Canadian, the cost of goods has decreased the most in the country that uses which of the four currencies? O O O AUD HKD MXN RUB We cannot answer that question using nominal exchange rates