If a firm in the United States wants to purchase 50,000 yuan worth of raw materials from a Chinese firm,how many dollars would it have to transfer to the firm? Assume that 1 dollar exchanges for 6 yuan in the foreign exchange market.
A) $6,773.21
B) $7,500
C) $8,333.33
D) $9,663.22
Correct Answer:
Verified
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Q22: The yuan-per-dollar exchange rate was constant at
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