Suppose a Laptop Computer Sells in China for 3000 Yuan,and

question 45

Multiple Choice

Suppose a laptop computer sells in China for 3000 yuan,and suppose the exchange rate between the Canadian dollar and the yuan is 12 yuan per Canadian dollar.If you buy the laptop in China it will cost you the equivalent of ________ Canadian.

• A)$3600
• B)$360
• C)$250
• D)$36
• E)$25

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Definitions:

Controller

A senior financial officer responsible for managing the accounting operations of a company.

Cash Flow Problems

Financial challenges that occur when a business does not have enough cash to cover its obligations, leading to potential insolvency.

Secured Loan

A loan backed by collateral, reducing the risk for lenders and often resulting in more favorable loan terms for the borrower.

Unsecured Loan

A loan that is issued and supported only by the borrower's creditworthiness, without any collateral.