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With a Direct Quote for the Renminbi (The Currency Unit

question 31

Multiple Choice

With a direct quote for the Renminbi (the currency unit in China) is 0.1568. Which of the following is true?
I. It costs you C$1.00 for 0.1568 Renminbi
II. It costs you C$0.1568 for 1.00 Renminbi
III. Your C$1.00 can buy 6.3776 Renminbi
IV. You have to use C$6.3776 to buy 1.00 Renminbi


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