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stoneskin21 stoneskin21
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5 years ago
During the Chinese experience with pegging the yuan to the dollar, the yuan was undervalued.  As a result,
A) there was a surplus of yuan on the market that the Chinese government had to purchase to maintain the peg, depleting China's reserves of dollars.
B) there was a surplus of dollars on the market that the Chinese government had to purchase to maintain the peg.
C) the prices of Chinese exports were higher than they would have been without the peg.
D) the equilibrium value of the yuan was below the pegged valuAnswer:  yuan.
Textbook 
InMacro

InMacro


Edition: 1st
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NoochieNoochie
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5 years ago
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stoneskin21 Author
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5 years ago
this is exactly what I needed
terriroberts96
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Yesterday
Correct Slight Smile TY
Ctownsend
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2 hours ago
Just got PERFECT on my quiz
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