Examlex

Solved

A Certain Cell Phone Sells for 2400 Yuan in China

question 112

Essay

A certain cell phone sells for 2400 yuan in China and for $300 in the U.S. The nominal exchange rate is 6.5 yuan per dollar.
A. Find the real exchange rate. Show your work.
B. In terms of dollars where is the cell phone cheaper?


Definitions:

Malware

Malicious software designed to damage, disrupt, or gain unauthorized access to computer systems.

Blocked Website Lists

Lists used by software or network administrators to prevent access to specific websites deemed inappropriate or harmful.

Network Resources

Various types of data and devices accessible over a computer network, such as servers, printers, files, and internet connections.

Home Group

A feature on some operating systems that enables easy sharing of files and printers on a home network.

Related Questions