14. Pricing foreign goods 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 country's currency are needed to buy one unit of another country's currency. Suppose the following table presents nominal exchange rate data for May 21, 2019, in terms of U.S. dollars per unit of foreign currency. Use the information in the table to answer the questions that follow. Suppose that on May 21, 2019, an antique voven tapestry handmade in Caneda is priced at CaD 4.190. The approvimate U.S. dollar price of the taperitry would be If the nominal exchange rate fort in value, or sor the Canadian dollar, the Canadiar