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Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 15
An American company wants to buy a television from a Chinese company. The Chinese company sells its TVs for 1,200 yuan each. The current exchange rate between the U.S. dollar and the Chinese yuan is $1 = 6 yuan. How many dollars will the American company have to convert into yuan to pay for the television?
A) $7,200.
B) $1,200.
C) $200.
D) $100.
A) $7,200.
B) $1,200.
C) $200.
D) $100.
Explanation
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Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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