Why Did the Chinese Central Bank Switch from Pegging the Value

question 228

Multiple Choice

Why did the Chinese central bank switch from pegging the value of the yuan to the US to a basket of currencies in 2005?

• A)US politicians had threatened to impose tariffs to offset advantage of an undervalued yuan.
• B)China's trade with the US fell dramatically in 2004.
• C)The value of the US fluctuated wildly in 2004.
• D)China's holdings of US treasury bonds.
• E)Chinese economic growth slowed to below 7%.

Understand the role of objection handling in the closing process.

Recognize the importance of maintaining a positive attitude and adaptability in sales.

Learn the importance of summarizing benefits and providing options during the close.

Understand different closing techniques in sales and their applicability.

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Definitions:

Cultural Influence

The impact of belonging to a specific cultural group on an individual's behaviors, beliefs, and values.

Personal Space

The physical area surrounding an individual that is considered personal or private, often influencing social interactions.

Food

Any nutritious substance that people or animals eat or drink to maintain life and growth.

Schemas

Mental structures or frameworks that organize and interpret information from the world, influencing perception, memory, and understanding.