Multiple Choice
During the Chinese experience with pegging the yuan to the United States (US) dollar, the yuan was ________. As a result, there was a ________ of US dollars on the market and the Chinese government had to purchase US dollars to maintain the peg.
A) overvalued; shortage
B) undervalued; surplus
C) overvalued; surplus
D) undervalued; shortage
Correct Answer:
Verified
Correct Answer:
Verified
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