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:

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An anxiety disorder characterized by an intense fear of places or situations where escape might be difficult or help might not be available, leading to avoidance behaviors.

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A prefrontal cortex region in the brain involved in the cognitive processing of decision-making.