Asked by Maggie Desmond on May 06, 2024
Verified
If 1 U.S.dollar exchanges for 7.0 Chinese Yuan,how much would it cost in U.S.dollars and cents to purchase a Chinese toy priced at 140 Yuan?
Chinese Yuan
The official currency of the People's Republic of China, used for all forms of legal transactions and financial activities within the country.
Chinese Toy
Refers to toys manufactured in China, often noted for their mass production and global distribution.
- Recalculate currency values based on established exchange rates.
- Facilitate the conversion of foreign currencies for international trade and procurement.
Verified Answer
DC
Learning Objectives
- Recalculate currency values based on established exchange rates.
- Facilitate the conversion of foreign currencies for international trade and procurement.