Multiple Choice
Other things the same,if the exchange rate changes from 6 Chinese yuan per dollar to 7 Chinese yuan per dollar,then the dollar
A) appreciates and buys more Chinese goods.
B) appreciates and buys fewer Chinese goods.
C) depreciates and buys more Chinese goods.
D) depreciates and buys fewer Chinese goods.
Correct Answer:
Verified
Correct Answer:
Verified
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