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Suppose a Shipment of Electronic Equipment Is Arriving in Canada

Question 85

Multiple Choice

Suppose 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) $7142.
B) $56 000.
C) $5 600 000.
D) $560 000.
E) $714 000.

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