Consider the data in the table below: Nominal Exchange Rates for the U.S. Dollar Foreign currency/U.S. U.S. dollars/foreign Country dollar currency United Kingdom (pound) 0.611 1.638 Canada (Canadian dollar) 0.958 1.044 Mexico (peso) 11.706 0.085 Japan (yen) European Union (euro) 83.177 0.692 0.012 1.446 a. Calculate the nominal exchange rate between the Mexican peso and the Japanese yen, Express in two ways. Instructions: Enter your responses rounded to three decimal places. One peso 7.106 yen One yen 0.141 peso b. Suppose the peso appreciates by 20 percent against the dollar while the value of the yen against the dollar remains unchanged. Instructions: Enter your responses rounded to three decimal places. One peso 8.882 yen One yen= 0.113 peso

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