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Question 6 (3 points) Suppose that a US-based company is buying Chinese goods. Current exchange rate for Chinese Yuan is 0.15
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Answer #1

Cash outflow. 800 units×13000¥

=1,04,00,000¥

Outflow in USD

1¥=0.15 USD

So 1 USD= 1÷0.15¥

= 6.6667 ¥

Total outflow in USD= 1,04,00,000÷6.6667

= 15,59,992.20$

  

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