Exercise 2 Use these exchange rates to answer the questions below Currency per U.S.S Country China-yuan renminbi (CNY) Japan -yen (JPY) Argentina - peso (ARS) Vietnam - dong (VND) 119.040 2.975 16041 A Japanese manufacturing firm, Japanchondapokemon placed a purchase order with Beijing conglomerate, Maydinchina, to procure 10,000 tons of raw materials at a cost of 9,030,200 yuan renminbi How many yen does the Japanese firm have to exchange in order to pay the bill in yuan renminbi? A trader at well-known investment banking firm, Silverman Pouches, has an Argentinean client who is interested in investing in emerging markets. The trader suggests the purchase of Vietnamese government issued bonds, currently selling at 1,604,100 Vietnamese dong (VND) per bond. How many Argentine peso (ARS) will it cost if the client wants to purchase 250 bonds