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    Exam 9: The Exchange Rate and the Balance of Payments
  5. Question
    China Has Used a Fixed Yuan Exchange Rate and a Crawling
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China Has Used a Fixed Yuan Exchange Rate and a Crawling

Question 331

Question 331

Multiple Choice

China has used a fixed yuan exchange rate and a crawling peg exchange rate. In both cases, China pegs its currency to the


A) U.S. dollar.
B) Japanese yen.
C) euro.
D) Mexican peso.

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