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-Refer to the Table Above

Question 89

Multiple Choice

 Country  Chile  Iceland  New Zealand  South Africa  Abalone Cost  Exchange  CLP 50,990,000  ISK 5,400,000  NZD 104,000  ZAR 640,000  Rate: $1 U.S. =585 CLP 61 ISK 1.3 NZD 7.8 ZAR \begin{array} { l l c c l } \text { Country } & \text { Chile } & \text { Iceland } & \text { New Zealand } & \text { South Africa } \\\hline \begin{array} { l } \text { Abalone Cost } \\\text { Exchange }\end{array} & \text { CLP 50,990,000 } & \text { ISK 5,400,000 } & \text { NZD 104,000 } & \text { ZAR 640,000 } \\\text { Rate: } \$ 1 \text { U.S. } = & 585 \text { CLP } & 61 \text { ISK } & 1.3 \text { NZD } & 7.8 \text { ZAR }\end{array}
-Refer to the table above. An international seafood supplier is offered 9.45 million yen today for 1000 pounds of abalone frozen in the shell. The abalone can be sourced from various countries at the prices shown above. The current market exchange rates between Australia and the other relevant currencies are also shown. In addition, $1 AUD = 105 yen. What is the value of the best deal the international seafood supplier can make, in Australian dollars?


A) $5000
B) $10,000
C) $7000
D) $8000

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