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Google Chrome File Edit View History Bookmarks Profiles Tab Window Help GO Q 8 Tue Nov 18 9:33 AM Home | myLU X LU HW: 5.1 - 5.3 Assignment ALEKS - Jacob Cascio - HW: G 20 www-awu.aleks.com/alekscgi/x/Isl.exe/10_u-IgNslkr7j8P3jH-li-WSp540wncg8Tof4a5q5fmgWG31RYRVbH21fpfsxjJ... @ * Co C Finish update : homework-help/thread/66307970 | Ca | c Finish update : HW: 5.1 - 5.3 Assignment Question 39 of 54 (1 point) | Question Attempt: 1 of Unlimited Jacob rom cours Q Al Chat with PDF Upload for Unlocks Expert Help Study Resources v Ask Al S Espanol . 110 USD - 110 x 6.4 = 704 yuan 33 34 35 36 37 38 39 40 41 42 43 44 . 140 USD - 140 x 6.4 = 896 yuan So the table entries for Chinese Yuan are: 0, 128, 320, 512, 704, 896. The Chinese government has been accused of manipulating the value of its currency, keeping it artificially low in order to give the country an export advantage. 1 2 3 Some economists feel that the yuan is valued at 30% less than it should be compared to the U.S. dollar. If that's the case, and the current exchange rate is 1 DO GP dollar = 6.6 yuan, what should the exchange rate be? Sources Part: 0 / 2 Finance 4910 CURRENCY WAR: 3 The United States Last Nam Practice Problems... USA VS CHINA I.. trade with China a... Name I- Part 1 of 2 FIN4910-HW-S19 (... CURRENCY WAR.... Topic 5 Application USYual .. (a) If the exchange rate is valued at 30% less than it should be compared to the U.S. dollar, would the correct "adjusted" exchange rate for 1 dollar be for Verify with tutor more or less than 6.6 yuan? The correct "adjusted" exchange would be Select |6.6 yuan. X the same as less than solve this more than Answer explanation by Al Answer: 21,000 yuan less Step-by-step: . Current rate: 1 yuan = 0.20 dollar = 1 dollar = 5 yuan. So a 21,000-dollar car costs 21,000 x 5 = 105,000 yuan. Adjusted rate: y = 4.0 d = 1 dollar = 4 yuan. New cost: 21,000 x 4 = 84,000 yuan. Difference: 105,000 - 84,000 = 21,000 yuan. Rounded to the nearest yuan, the car would cost 21,000 yuan less. Ask Al your follow up question. Do not enter personal information. Attach image Upload doc Skip Part Check Save For Later Submit Assignment 2025 McGraw Hill. Terms of Use | Privacy Center | Accessibility Proposal Classical Minecraft 35 54,863 NOV 2 utv N exec 18 4 DOCX