michaelolivo10 michaelolivo10

19-02-2024
Business

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A multinational retail company based in the United States imports products from China and pays its suppliers in Chinese yuan. If the exchange rate between the U.S dollar and the Chinese Yuan changes from 1 USD = 6.5 CNY to 1 USD = 6.2 CNY, what impact would this exchange rate movement have on the companies import costs in USD terms?

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