China's Exchange Rate Is A

question 56

Multiple Choice

China's exchange rate is a:

• A) freely floating regime.
• B) managed floating regime.
• C) fixed peg arrangement.
• D) none of the options.

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Definitions:

Higher Interest Rate

An increased percentage charged on borrowed money or paid on savings and investments.

Public Saving

Public saving refers to the surplus of government revenues over government spending. It's a component of national savings along with private savings.

Private Saving

The portion of household and business income that is not spent on current consumption but instead is saved or invested for future use.

Government Budget Deficit

A financial shortfall where a government's expenditures exceed its revenues.