In 2005, China Increased the Price of Its Currency While

question 25

Multiple Choice

In 2005, China increased the price of its currency while continuing to pursue a fixed exchange rate. This change in policy is called:

• A) an appreciation.
• B) a revaluation.
• C) a devaluation.
• D) a depreciation.
• E) a peg.

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Definitions:

Ergonomist

A professional who designs or modifies workplaces, equipment, and processes to fit the user, aiming to increase efficiency and reduce discomfort or injury.

Cognitive Psychologist

A professional in psychology who studies mental processes including perception, memory, thought, and problem-solving.

Aversion

A strong dislike or disinclination towards something, often used in psychological contexts to describe responses to unpleasant stimuli.

Ergonomic Principle

Refers to design considerations that maximize productivity by minimizing operator fatigue and discomfort.