Business Firms in Countries with Exchange Controls, for Example, China

question 53

True/False

Business firms in countries with exchange controls, for example, China (mainland), often must surrender foreign exchange earned from exports to the central bank at the daily fixing price.

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Definitions:

Capacity

The maximum amount that something can contain or produce, or the ability to perform, understand, or withstand something.

Overestimated

To assess or judge something to be greater, larger, or more important than it actually is.

Plus or Minus

Often used to indicate the precision of an estimate, measurement, or mathematical result, representing a range of possible values.

Sensory

Relating to or involving the senses or sensation, including sight, sound, taste, touch, and smell.