China Began Pegging Its Currency,the Yuan,to the Dollar in 1994

question 111

Multiple Choice

China began pegging its currency,the yuan,to the dollar in 1994.Because the yuan was ________ at the pegged exchange rate,the Chinese government increased its reserves of ________ as the government purchased more ________ to maintain the pegged exchange rate.

• A)undervalued; dollars; dollars
• B)undervalued; yuan; yuan
• C)overvalued; yuan; yuan
• D)overvalued; dollars; dollars

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Definitions:

New England Indians

Indigenous peoples living in the region known as New England, in the northeastern United States, prior to and during European colonization.

1630-1640

A decade during which significant migration to the American colonies occurred, particularly by Puritans to Massachusetts, marking a crucial development phase of early American society.

Chesapeake Region

An area surrounding the Chesapeake Bay, encompassing parts of Maryland and Virginia, significant in early American history for its tobacco cultivation and as a center of colonial society.

Labor Organization

Groups such as unions or associations that represent the interests of employees, working to improve working conditions, wages, and benefits through negotiation and collective bargaining.