Question: Given the information in the following table, what exchange rates would be used if you converted $1 million into euros, and then converted the euros
Given the information in the following table, what exchange rates would be used if you converted $1 million into euros, and then converted the euros into yuan, yuan into yen, and finally the yen into dollars?
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Exchange Rate Yuan-euro Dollar-euro Yen-dollar Yen-yuan Bid Rate 10.60 1.29 104.6 12.60 Ask Rate 10.65 1.31 04.90 12.8
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