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Purchase 1 million japanese yen

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Reference no: EM132555035

You observe following exchange rate quotations: $1 is equal to 6.8321 Chinese yuan (CNY) and 1 Japanese yen (JPY) equal to 0.0610 Chinese yuan. How many U.S. dollars will you need to purchase 1 million Japanese yen?

Reference no: EM132555035

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