The 2005-2008 Chinese Policy with Respect to the Yuan Has

question 48

Multiple Choice

The 2005-2008 Chinese policy with respect to the Yuan has been to

• A) allow its currency to float.
• B) allow its currency to rise in value quickly.
• C) allow its currency to rise in value slowly.
• D) allow its currency to fall in value slowly.
• E) allow its currency to fall in value quickly.

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Definitions:

Dishonors

Refers to the refusal by a bank to pay the amount stipulated in a check or draft when presented.

Drawn

Refers to the process of extracting or taking something from a particular source, such as money from an account.

Liable

Legally responsible or obligated, often in the context of paying damages or facing other legal consequences.

Preprinted Promissory Note

A legally binding document that acknowledges debt and promises repayment, which comes in a standardized form.