Suppose That the Following Situation Exists in the Foreign Exchange

question 9

Multiple Choice

Suppose that the following situation exists in the foreign exchange market: 1 Canadian dollar buys 7.2 Chinese yuan and 1 Canadian dollar buys 5.77 South African rand.How many yuan will one rand buy?

• A)1.43 yuan
• B)0.80 yuan
• C)5.77 yuan
• D)1.25 yuan
• E)7.20 yuan

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