Question: You plan on traveling to Japan and China on a
You plan on traveling to Japan and China on a business trip. You will first stop in Japan, where the current direct exchange rate is 0.0092. You will next stop in China, where the current direct exchange rate is 0.1285. As you leave Japan, you have ¥980,000 and need to convert to yuan. What is the cross rate for yuan? How many yuan do you get for your yen? Verify by converting yen back to dollars and then dollars to yuan.
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