Suppose That the Following Situation Exists in the Foreign Exchange

question 36

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

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