In Recent Years, the United States Has Accused China of Manipulating

Multiple Choice

In recent years, the United States has accused China of manipulating the yuan so as to gain an unfair competitive advantage in global trade.The United States has argued that the central bank of China has

A) sold yuan and bought dollars, thus depreciating the yuan against the dollar.
B) sold yuan and bought dollars, thus appreciating the yuan against the dollar.
C) bought yuan and sold dollars, thus depreciating the yuan against the dollar.
D) bought yuan and sold dollars, thus appreciating the yuan against the dollar.