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Macau was a Portuguese territory for over 400 years before being handed back to China in 1999. It is now a Special Administrative Region
Macau was a Portuguese territory for over 400 years before being handed back to China in 1999. It is now a Special Administrative Region of China. (a) State the currency of Macau and explain why it is a pegged currency. (b) State the currency of China and explain why Macau does not use the currency of China as its currency. (c) Explain why financial risk takers may want to visit Macau.
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a The currency of Macau is the Macau Pataca MOP Macau has its own currency separate from Chinas curr...
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Financial Accounting and Reporting a Global Perspective
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
4th edition
978-1408066621, 1408066629, 1408076861, 978-1408076866
