During the Chinese Experience with Pegging the Yuan to the U.S.dollar

question 137

Multiple Choice

During the Chinese experience with pegging the yuan to the U.S.dollar, the yuan was ________.As a result, there was a ________ of U.S.dollars on the market, and the Chinese government had to purchase U.S.dollars to maintain the peg.

• A)overvalued; shortage
• B)undervalued; surplus
• C)overvalued; surplus
• D)undervalued; shortage
• E)appreciating; surplus

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Definitions:

For Its Own Sake

Undertaking an activity for the pleasure and value derived directly from the activity itself, rather than for achieving an external goal.

Biologically Determined

Refers to traits, behaviors, or conditions that are influenced by genetic makeup rather than the environment.

Instinct

An innate, typically fixed pattern of behavior in animals in response to certain stimuli that is primarily genetically coded.

Homeostasis

The self-regulating process by which biological systems tend to maintain stability while adjusting to conditions that are optimal for survival.