China Fixes Its Exchange Rate (Yuan Per Units of Foreign

question 114

Multiple Choice

China fixes its exchange rate (yuan per units of foreign currency) at a rate above its free-market equilibrium level.In order to maintain this exchange rate,and to prevent its currency from ________,the Chinese central bank must be accumulating ________.

• A)appreciating; foreign-exchange reserves
• B)appreciating; reserves of its domestic currency
• C)depreciating; foreign-exchange reserves
• D)depreciating; reserves of its domestic currency
• E)depreciating; U.S.dollars

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Definitions:

Directories (Yellow Pages)

Printed or online listings of businesses by category or location, traditionally used for advertising and as a reference for consumers to find services.

Billboards

Large outdoor advertising structures typically found in high traffic areas, displaying advertisements to passing pedestrians and drivers.

Internet

A global network of computers and servers that enables the exchange of data, communication, and access to information.

Product Placement

A marketing strategy where branded goods or services are placed in a context usually devoid of ads, like movies or TV shows.