(5) Miss Liu sold her second-hand iPod to a friend with price of 60 USD in cash, she go to bank to exchange for China Yuan, how much China Yuan she can exchange for?
Mortgages
A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.
Mortgage
The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.
Please have a look.
4th currency on the table is RMB(Chinese yuan)
Closing Mid-point.
1 USD to 6.4628 RMB (Chinese yuan)
Bid/Offer Spread
1 USD to 549-680 RMB( Chinese yuan)
One Month Rate.
1 USD - 6.4658 RMB (Chinese yuan)
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