Suppose That the Following Situation Exists in the Foreign Exchange

question 53

Multiple Choice

Suppose that the following situation exists in the foreign exchange market: 1 Canadian dollar buys $0.80 U.S, and 1 Canadian dollar buys 5.0 Chinese yuan.How many yuan will $1 U.S.buy?

• A)1.0 yuan
• B)4.0 yuan
• C)5.0 yuan
• D)8.2 yuan
• E)6.25 yuan

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Definitions:

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Test Data

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