In Order to Maintain an Undervalued Yuan to Encourage a Trade

question 227

True/False

In order to maintain an undervalued yuan to encourage a trade surplus,the Chinese government must buy US dollars and increase the supply of yuan.

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Definitions:

Total Assets

The sum of all assets owned by an individual or organization, including cash, investments, property, and other valuables, representing the total resources available for use in generating future income.

Total Asset Turnover

A financial efficiency ratio that measures how effectively a company uses its assets to generate sales revenue.

Fixed Assets

Fixed assets are long-term tangible pieces of property or equipment that a firm owns and uses in its operations to generate income.