1. An American company wants to buy a television from a Chinese company. The Chinese company sells...
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1. An American company wants to buy a television from a Chinese company. The Chinese company sells its TVs for 1,200 yuan each. The current exchange rate between the U.S.
dollar and the Chinese yuan is $1 = 6 yuan. How many dollars will the American company have to convert into yuan to pay for the television? LO41.1
a. $7,200.
b. $1,200.
c. $200.
d. $100.
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