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Initially, you have $2,000 and you want to invest into the Chinese market. You convert with the exchange rate of 1 USD = 9 Chinese
Initially, you have $2,000 and you want to invest into the Chinese market. You convert with the exchange rate of 1 USD = 9 Chinese Yuan Unfortunately, your investment did not pay off and you lost 3% on your Chinese investment. Now, you'd like to exchange back to USD and the current exchange rate is 1 USD=8 Chinese Yuan What is your retum in USD after converting? Round to 4 decimal places
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Sustainability In Energy Business And Finance Approaches And Developments In The Energy Market
Authors: Hasan Dinçer , Serhat Yüksel
1st Edition
3030940500,3030940519
