All of the Following Accurately Describes China's Currency Peg EXCEPT

question 44

Multiple Choice

All of the following accurately describes China's currency peg EXCEPT

• A)pegging against the dollar ensured that Chinese exporters faced stable prices on exports to the U.S.
• B)some U.S. firms complained that the peg gave Chinese firms an unfair advantage over U.S. firms.
• C)the Chinese currency was allowed to depreciate moderately in the years preceding the financial crisis.
• D)many economists argued that the Chinese currency was undervalued.

---

Definitions:

Certificate

A formal document attesting to a certain fact, such as the completion of an educational process or the ownership of a stock.

Secretary of State

An official in the federal and state governments who is responsible for keeping records, managing governmental documents, and often overseeing elections.

Consolidations

The process of combining two or more entities into one, in terms of financial statements, companies, or assets.

Joining of the Businesses

The joining of the businesses typically refers to the process where two or more companies come together to form a partnership, merger, or acquisition, combining resources for shared goals.