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Assume the foreign exchange rate quotes are such that $1 is equal to 0.8924 units of Euros and 6.4935 units of Chinese Yuans. Also, those
Assume the foreign exchange rate quotes are such that $1 is equal to 0.8924 units of Euros and 6.4935 units of Chinese Yuans. Also, those quotes can be expressed as Euros 0.8924/$ and Chinese Yuans 6.4935/$. How many Chinese Yuans is needed to buy 1 unit of Euro?
Group of answer choices
Chinese Yuans 7.2766/Euro
Euros 0.2748/Chinese Yuan
Euros 13.1766/Chinese Yuan
none of the answers is correct
Chinese Yuans 1.9766/Euro
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