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

---

Definitions:

Authority Figures

Individuals or entities recognized for their power to enforce rules, govern, or influence others, often holding a position of trust and responsibility.

Inequalities

Describes situations or conditions where resources, opportunities, and treatments are unevenly distributed among individuals or groups, leading to disparities.

High Marks

Grades or scores that are significantly above average, reflecting a high level of achievement or quality.

University

is an institution of higher education and research, which awards academic degrees in various academic disciplines.