Principles of Macroeco... Attempts 1 Do No Harm 1 / 2 Catalog and Study Tools 6. Pricing foreign goods Partner Offers 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 BE Rental Options country's currency are needed to buy one unit of another country's currency. College Success Tips 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. Career Success Tips Cost of One Unit of Foreign Currency You are eligible for a FREE 7- Foreign Currency (Dollars) day trial of Cengage Unlimited 0.5148 or Cengage Unlimited Brazilian real (BRL) eTextbooks Canadian dollar (CAD) 0.9213 Euro (EUR) 1.3457 Try for Free Japanese yen (JPY) 0.008226 Mexican peso (MXN) 0.0926 Learn more United Kingdom pound (GBP) 1.9695 ? Help Give Feedback 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 in 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 value, or V , relative to the U.S. dollar. Grade it Now Save & Continue Continue without saving B LOGO W O O