Explain Why and How China Has Kept Its Chinese Renminbi

question 22

Essay

Explain why and how China has kept its Chinese renminbi undervalued? What would be the potential problem for this policy?

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Definitions:

Random Assignment

A technique for assigning human participants or animal subjects to different groups in an experiment using randomization, which ensures that each participant or subject has an equal chance of being placed in any group.

Experimental Group

In research, the group of participants exposed to the variable or condition being tested to observe its effects.

Random Assignment

A method in experimental design where participants are allocated to different groups or conditions by chance, minimizing biases.

Blind Observations

An experimental technique where the observers or experimenters do not know the specific conditions being applied to the subjects, to reduce bias.