The term exchange rate has to do with the value of a currency in another currency. Given the fact that international trade is the mainstay of the global economy, it is important that one currency should be converted to another for the purpose of the ease of doing business.

The dollar is often the international currency for trade. Its us always necessary to convert the dollar into the local currency of the country where the business is done using the correct exchange rate.

Now If I want to convert the cost of the decorative mug to China Yuan;

I already know that;

1 US dollar = 6.4651 China Yuan

12.99 US dollar = 12.99 US dollar * 6.4651 China Yuan/1 US dollar

= 83.98 China Yuan

Hence, the cost of the decorative mug is 83.98 China Yuan.

Learn more about exchange rate:brainly.com/question/22996931

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3 0

2 years ago

Find the maximum value of the function f(x) = -1.9x^2 + 24x – 71.3 to the<br> nearest hundredth.

d1i1m1o1n [39]

Being that the system is quadratic—with parabola opening downwards—you’re going to need to find the vertex. You can find the x coordinate of the vertex with -b/2a . Then plug in for x to find the y coordinate…

4 0

3 years ago

96 fluid ounce is greater than,less than or equal to 13 c

alekssr [168]

The answer is 96 F,O, >,< or = 13 C. Hop this helps.

7 0

3 years ago