Question: You plan on traveling to South Korea and China on
You plan on traveling to South Korea and China on a business trip. You will first stop in Korea, where the current direct exchange rate is $1: 1243.78SK Won. You will next stop in China, where the current direct exchange rate is $1: Yuan 6.83013. As you leave South Korea, you have 825,000 Won and need to convert it to Yuan. What is the cross-rate for Yuan, and how many Yuan do you get for your won? Verify by converting won back to dollars and then dollars to Yuan.
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