Although the Pegged Exchange Rate Between the Yuan and the Dollar

question 46

Multiple Choice

Although the pegged exchange rate between the yuan and the dollar has ________ the yuan,China had been reluctant to abandon the peg for fear that abandoning the peg would ________.

• A)undervalued; reduce exports
• B)undervalued; reduce imports
• C)overvalued; increase imports
• D)overvalued; reduce exports

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Definitions:

Continental Army

The revolutionary war army, authorized by the Continental Congress in 1775, led by General George Washington, that fought against British forces during the American Revolutionary War.

George Washington

The first President of the United States, known for leading the American revolutionary forces to victory and setting many precedents for future presidents.

Enlistment

The act of voluntarily joining a military force, often by signing a legal document committing oneself to service for a certain period of time.

Enslavement

The act or condition of being forcibly kept in a state of bondage and made to perform labor without the freedom to leave or refuse.