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The Chinese Yuan Is on a Fixed Rate

question 110

True/False

The Chinese yuan is on a fixed rate. If the government of China uses monetary policy to change the exchange rate of the yuan from $0.16 to $0.10, the Chinese yuan has appreciated.


Definitions:

Municipal

Relating to a city or town or its governing body.

Business Regulation

The imposition of rules by government, aimed at influencing the operation and behavior of businesses within a society.

Administrative Body

A governmental agency or a non-governmental organization formally structured to regulate, oversee, and manage specific functions or tasks.

Licence Or Registration

A legal permission or document required by individuals or entities to operate or conduct certain types of business or activities.

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