Question: A U . S . based MNC has contracted to sell 2 5 0 million electronic chips to a Chinese firm for 1 2 .
A US based MNC has contracted to sell million electronic chips to a
Chinese firm for Yuan each. The chips are to be delivered and paid for
in months. The current exchange rate between Yuan and the $ is $
equals Yuan. At todays exchange rate how much will the firm be paid
for the chips in dollars?
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