Solved

A Chinese Company Exchanges Yuan (Chinese Currency)for Dollars

Question 64

Multiple Choice

A Chinese company exchanges yuan (Chinese currency) for dollars.It uses these dollars to purchase scrap metal from a U.S.company.As a result of these transactions,Chinese


A) net exports increase,and U.S.net capital outflow increases.
B) net exports increase,and U.S.net capital outflow decreases.
C) net exports decrease,and U.S.net capital outflow increases.
D) net exports decrease,and U.S.net capital outflow decreases.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions