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satela [25.4K]
1 year ago
7

Suppose that today the exchange rate between the u.s. dollar and the chinese yuan is $1 =.12 yuan. if next week the exchange rat

e is $1 = .20 yuan, it is clear that:__________
Business
1 answer:
goldenfox [79]1 year ago
5 0

1.00000 CNY = 0.14418 USD

20 CNY == 2.88 USD

Nowadays, the name "Yuan" typically refers to the main unit of the People's Republic of China's currency, the renminbi (RMB). [Banknotes in RMB range in value from one Yuan to one hundred Yuan. Particularly in international contexts, it is also used as a synonym for that money; the ISO 4217 standard code for the renminbi is CNY, which stands for "Chinese yuan." (Using sterling to refer to British currency and the pound as the unit of account is a similar situation.)

Yuán literally means a "round thing" or "round coin" in Standard (Mandarin) Chinese. A silver round coin known as the yuan was used throughout the Qing Dynasty.

To learn more about Chinese yuan from the given link.

brainly.com/question/14350438

#SPJ4

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Where might someone in an urban forestry career work?
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Huprey Co. is the defendant in the following legal claims. For each of following claims, does Huprey (a) record a liability, (b)
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