If a Firm in the United States Wants to Purchase

question 136

Multiple Choice

If a firm in the United States wants to purchase 50,000 yuan worth of raw materials from a Chinese firm,how many dollars would it have to transfer to the firm? Assume that 1 dollar exchanges for 6 yuan in the foreign exchange market.

• A) $6,773.21
• B) $7,500
• C) $8,333.33
• D) $9,663.22

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Definitions:

Fluid Intelligence

The ability to reason and solve new problems independently of previously acquired knowledge.

Crystallized Intelligence

The ability to use learned knowledge and experience, which typically increases or remains stable over the lifespan.

Diverge

To move or extend in different directions from a common point, or to differ in opinion or character.

Converge

To move towards one point from different places or ideas; to come together and meet or unite in a point or purpose.