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Use the exchange rate and traded goods price indices data provided in the following table to answer questions 15, 16, and 17. The European Monetary
Use the exchange rate and traded goods price indices data provided in the following table to answer questions 15, 16, and 17. The European Monetary Union (EMU) Versus NAFTA Country S(EUR/ Foreign Currency) Currencies Traded Goods Price Level Index EMU 1 EURs 200 Mexico 0.045 EURs per MXN 4,000 Canada 0.65 EURs per CAD 320 U.S.A 0.82 EURs per USD 222 Question at position 15 15 6 points Question at position 15 Calculate the real exchange rate for each of the three NAFTA countries relative to the EMU. Calculate the real exchange rate for each of the three NAFTA countries relative to the EMU. (Mexico): 0.900; (Canada): 1.040; (U.S.A.): 0.910 (Mexico): 0.750; (Canada): 1.158; (U.S.A.): 0.555 (Mexico): 1.100; (Canada)
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