Multiple Choice
China maintained a fixed exchange rate to the U.S. dollar between 1996 and 2005, and many said it ________ the exchange rate to ________.
A) overvalued; keep prices stable
B) undervalued; promote exports
C) overvalued; reduce inflation
D) undervalued; reduce the domestic Chinese price of imports
E) undervalued; keep the government in power
Correct Answer:
Verified
Correct Answer:
Verified
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