Question
Ali planned a trip from Riyadh, KSA to Beijing, China. He left Riyadh with 60,000 Saudi Riyals. Upon arrival, he wish to exchange all of
Ali planned a trip from Riyadh, KSA to Beijing, China. He left Riyadh with 60,000 Saudi Riyals. Upon arrival, he wish to exchange all of these Chinese yuan, he obtained the following quotes:
| Spot rate on the dollar/Saudi riyal cross rate | $0.2667/ | |
| Spot rate on the yuan/dollar cross rate | 7.1241/$ |
How many yuans will he obtain for his riyals?
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Production And Operations Analytics
Authors: Steven Nahmias, Tava Lennon Olsen
8th Edition
1478639261, 9781478639268
