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The Chinese yuan was reset from 8.28 Yuan / $ to 8.11 Yuan / $ in July 2005. If Unocal (US corporation) had agreed to
The Chinese yuan was reset from 8.28 Yuan / $ to 8.11 Yuan / $ in July 2005. If Unocal (US corporation) had agreed to buy a Chinese company before July for a pre-set price in Chinese yuan, a) Unocal would pay less in dollars for it after July b) Unocal would pay more in Yuan for it after July c) Unocal would pay more in dollars on the purchase after July
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