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.

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