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    Principles of Microeconomics
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    Exam 20: Exchange Rates, Balance of Payments, and International Debt
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    A Chinese Person Reads the China Financial Times and Notes
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A Chinese Person Reads the China Financial Times and Notes

Question 172

Question 172

Multiple Choice

A Chinese person reads The China Financial Times and notes that the exchange rate, dollars per yuan, is 9. An American reading The Wall Street Journal sees the same rate expressed in yuans per dollar and it is


A) 9
B) 0.90
C) 90
D) 0.11
E) 0.09

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