The Following Table Shows the Hypothetical Data of Exchange Rates

Essay

The following table shows the hypothetical data of exchange rates and the price of lattes.
a)Using the relative price of latte,determine the latte exchange rate in the three countries.
_____ Chinese Yuan = $1 Canadian
_____ Japanese yen = $1 Canadian
_____ British pound = $1 Canadian
b)Compared with the latte exchange rates,are the actual exchange rates overvalued or undervalued?
Chinese Yuan is __________
Japanese yen is __________
British pound is __________
c)Given your answers in b),would you expect Canadian exports to each of these countries to increase or decrease?
Canadian exports to China will __________
Canadian exports to Japan will __________
Canadian exports to the United Kingdom will __________