1. The Chinese Yuan

3. Currency Rate 1 U.S. Dollar = 6.8 Yuan 1 Yuan = 0.15 U.S. Dollar –Currency rates are constantly changing and need to be checked on a daily basis for accuracy.

4. Problems to Solve If a Big Mac from McDonalds costs $5.00, how many yuan would it cost in China? Answer: 34 yuan

5. If a blackberry cell phone cost 200 yuan in China, do you think this would be a good deal? Answer: The cell phone would cost approximately $30.00…….good deal?

6. Given the current exchange rate, who is getting a better deal? –A. A Chinese person visiting America. –B. An American visiting China. Explain your answer Answer: Currently an American traveling to China would be spending less money since the U.S. dollar is worth more than the Chinese yuan.