Suppose that a shipment of electronic equipment is arriving in Canada from Taiwan. The price in Taiwanese dollars (TWD) is 20 million TWD. Assume the exchange rate between the Canadian dollar and the TWD is 28 TWDs per dollar. The Canadian- dollar value of the shipment is .
A) $560 000
B) $5 600 000
C) $56 000
D) $7,142
E) $714 286
Correct Answer:
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