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Google Chrome File Edit View History Bookmarks Profiles Tab Window Help G 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-WSp540wncg8 Tof4a5q5fmgWG31RYRVbH21fpfsxjJ... @ * Co C Finish update : homework-help/thread/66307970 | Ca | c Finish update HW: 5.1 - 5.3 Assignment Jacob rom cours Q Al Chat with PDF Upload for Unlocks Expert Help Study Resources v Ask Al Question 39 of 54 (1 point) | Question Attempt: 1 of Unlimited S 105,000 yuan. Espanol 33 34 35 36 37 38 = 39 40 41 42 43 44 . 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. 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. 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 dollar = 6.6 yuan, what should the exchange rate be? Part 1 of 2 Sources 1 8/12/2021 Practice (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 for Final Exam -... more or less than 6.6 yuan? transfer price chin... The correct "adjusted" exchange would be less than |6.6 yuan. M Verify with tutor Part: 1 / 2 Part 2 of 2 solve this (b) If the yuan is valued at 30% less than it should be, what should the exchange rate be? Answer explanation by Al If the yuan is valued at 30% less than it should be, then the exchange rate should be Answer for part (a): less than 1 dollar = yuan Explanation: X "Yuan is valued at 30% less than it should be" means the yuan is undervalued. If the yuan strengthens to its adjusted value, you would need fewer yuan for 1 U.S. dollar. . Therefore, the correct adjusted rate must be less than 6.6 yuan per dollar. (If you need the actual adjusted rate in part (b): 6.6 x 0.70 = 4.62 yuan per dollar.) 1 2 3 4 5 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 N 4 exec 18 utv O DOCX