Question: A U . S . based MNC has contracted to sell 2 5 0 million electronic chips to a Chinese firm for 1 2 .

A U.S. based MNC has contracted to sell 250 million electronic chips to a
Chinese firm for 12.2 Yuan each. The chips are to be delivered and paid for
in 4 months. The current exchange rate between Yuan and the $ is $1.00
equals 7.217 Yuan. At todays exchange rate how much will the firm be paid
for the chips in dollars?

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