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Using an Exchange Rate of ¥88

question 210

Multiple Choice

Using an exchange rate of ¥88.313 per C$, calculate the number of yen that C$900 could be purchased after giving away a commission of 2.5%. Round your answer to nearest yen?

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Definitions:

CISG

The United Nations Convention on Contracts for the International Sale of Goods, a set of rules governing the sale of goods between parties from different countries.

International Sales

The sale of goods or services across national boundaries, governed by international commercial law and trade agreements.

Void Contract

An agreement that is null and lacks legal effect or enforceability from its inception.

Valid Contract

An agreement between two or more parties that is enforceable by law.

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