Suppose China Airlines wants to purchase a French Airbus. The price of the Airbus is 95 million Euro. If the exchange rate is 1 euro per 10 yuan, the price of this airplane to China Airlines is
A) 950 million yuan.
B) 10.52 million yuan.
C) 10 million yuan.
D) 9.5 million yuan.
Correct Answer:
Verified
Q29: Q45: Q46: Exports of U.S. goods create a _ Q47: The quantity of dollars demanded by foreign Q47: The lower the exchange rate today, ceteris Q48: As the expected profit from holding dollars Q51: As the value of U.S. exports _, Q52: As the exchange rate _, the _ Q54: When the U.S. exchange rate falls, U.S. Q58: If nothing else changes, the _ the
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