Foreign Exporters Are Usually Quite Willing to Accept Chinese Yuan

question 98

Multiple Choice

Foreign exporters are usually quite willing to accept Chinese Yuan in payment for goods and services because:

• A)of the importance of the Chinese Yuan in international trade
• B)the value of the dollar does not fluctuate
• C)they have little alternative
• D)it is customary to receive payment denominated in the currency of the importer's country
• E)none of the above

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Definitions:

Woody Tissue

Plant tissue composed mainly of xylem, providing structural support and conduction of water and nutrients; commonly found in trees and shrubs.

Basal Angiosperm

refers to the earliest diverging groups of flowering plants, sharing some ancestral characteristics distinct from most modern flowers.

Star Anise

An aromatic spice that comes from the fruit of the Illicium verum tree, characterized by its star shape and licorice-like flavor.

Economically Important

Referring to plants, animals, or minerals that have considerable value or significance to human economies.