A Chinese company sells goods to a foreign customer whose currency is depreciating against the renminbi. What will the company most likely experience when finalizing the sale?

Question

Answer

The company would receive more renminbi if the sales price was expressed in renminbi originally.

Answer

The company would receive less renminbi if the sales price was expressed in the buyer's currency.

Answer

The company would receive less renminbi if the sales price was expressed in renminbi originally.

Answer

The company would receive more renminbi if the sales price was expressed in the buyer's currency.

Crowdly

A Chinese company sells goods to a foreign customer whose currency is depreciati...

Want instant access to all verified answers on moodle.kent.ac.uk?