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14 September, 18:01

Because of the high volume of bicycles as a common form of transportation in beijing and shanghai, charles wants to sell his bicycle horns to these markets. in this case, the exchange rate is $1 u. s. dollar = 6.42 chinese yuan. economically speaking, how are his prospects?

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  1. 14 September, 18:14
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    This is not a good investment and Charles should hold his plan of selling his bicycle Beijing and in China. For example, if Charles sold his bicycle horn for $3.00, this would need a 6.42*3 which is equal to 19.26 Chinese yuan.
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