The exchange rates for USD against CNY (Chinese Yuan) and OMR are as follows: USD 0.159089 = 1 CNY USD 2.59673 = 1 OMR Based on above mentioned exchange rates, determine the cross exchange rate for OMR/CNY and CNY/OMR.

The exchange rates for USD against CNY (Chinese Yuan) and OMR are as follows: USD 0.159089 = 1 CNY USD 2.59673 = 1 OMR Based on above mentioned exchange rates, determine the cross exchange rate for OMR/CNY and CNY/OMR.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

The exchange rates for USD against CNY (Chinese Yuan) and OMR are as follows:

USD 0.159089 = 1 CNY

USD 2.59673 = 1 OMR

Based on above mentioned exchange rates, determine the cross exchange rate for OMR/CNY and CNY/OMR.

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