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Figure: Yuan Foreign Exchange Market for Dollars Reference: Ref

question 30

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Figure: Yuan Foreign Exchange Market for Dollars Figure: Yuan Foreign Exchange Market for Dollars   Reference: Ref 20-4 (Figure: Yuan Foreign Exchange Market for Dollars)  Based on this figure, which of the following statements is correct? A)  Moving up the y-axis, the Chinese yuan depreciates relative to all world currencies. B)  Moving up the y-axis, the American dollar depreciates relative to the Chinese yuan. C)  Moving down the y-axis, the Chinese yuan depreciates relative to the U.S. dollar. D)  Moving up the y-axis, the Chinese yuan depreciates relative to the U.S. dollar. Reference: Ref 20-4 (Figure: Yuan Foreign Exchange Market for Dollars) Based on this figure, which of the following statements is correct?


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