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Exchange rate between us dollar and chinese yuan

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Reference no: EM131962000

An American company wants buy a television from a Chinese company. The Chinese company sells its TV's for 1,200 yuan each. The current exchange rate between the U.S dollar and the Chinese yuan is $1=6 yuan. How many dollars will the American company have to convert into yuan to pay for the television?

Reference no: EM131962000

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