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Although the Pegged Exchange Rate Between the Yuan and the Dollar

Question 46

Multiple Choice

Although the pegged exchange rate between the yuan and the dollar has ________ the yuan,China had been reluctant to abandon the peg for fear that abandoning the peg would ________.


A) undervalued; reduce exports
B) undervalued; reduce imports
C) overvalued; increase imports
D) overvalued; reduce exports

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