China Has Fixed the Exchange Rate Between the Yuan and the U.S

question 387

Multiple Choice

China has fixed the exchange rate between the yuan and the U.S. dollar. Therefore, a recession in China _____ U.S. _____ to China more than if the exchange rate floated.

• A) raises; exports
• B) reduces; imports
• C) raises; imports
• D) reduces; exports

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Definitions:

Workers' Compensation

A type of insurance that offers medical benefits and replaces wages for workers hurt while performing their job duties.

Injured

This term typically refers to physical harm or damage suffered by a person or entity, not usually a key term in a financial or business context, so NO.

State Unemployment

A program providing financial assistance to unemployed workers from their state government.

Federal Unemployment Taxes

Taxes paid by employers to the federal government to fund unemployment benefits for workers who lose their jobs.