Renminbi Revaluation. Many experts believe that the Chinese currency should not only be revalued against the...
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Renminbi Revaluation. Many experts believe that the Chinese currency should not only be revalued against the U.S. dollar as it was in July 2005, but also be revalued by 25% or 35%. What would be the new exchange rate value if the yuan was revalued an additional 25% or 35% from its initial post-revaluation rate of Yuan 8.14/ $? The 25% revalued exchange rate will be Yuan /$. (Round to two decimal places.) Renminbi Revaluation. Many experts believe that the Chinese currency should not only be revalued against the U.S. dollar as it was in July 2005, but also be revalued by 25% or 35%. What would be the new exchange rate value if the yuan was revalued an additional 25% or 35% from its initial post-revaluation rate of Yuan 8.14/ $? The 25% revalued exchange rate will be Yuan /$. (Round to two decimal places.)
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Answer rating: 100% (QA)
At 20 revaluation Initial post revaluation exchange rate 811 Yuan 1 811 Yuan Percentage revaluation ... View the full answer
Related Book For
Personal Financial Planning
ISBN: 978-1111971632
13th edition
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
Posted Date:
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