China Linked Its Exchange Rate to the U

question 25

Multiple Choice

China linked its exchange rate to the U.S.dollar which meant in the 2004-2007 period

• A)it appreciated against most other currencies,hurting its manufacturing competitiveness.
• B)it depreciated against most other currencies,making its products cheaper.
• C)it decreased the size of its merchandise trade surplus.
• D)it overvalued its currency,making it hard to attract foreign investment.

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