If a Firm in the United States Wants to Purchase

Multiple Choice

If a firm in the United States wants to purchase 50,000 yuan worth of raw materials from a Chinese firm,how many dollars would it have to transfer to the firm? Assume that 1 dollar exchanges for 6 yuan in the foreign exchange market.

A) $6,773.21
B) $7,500
C) $8,333.33
D) $9,663.22