From 2003 to 2009, the Backing Ratio for the Chinese

question 71

Multiple Choice

From 2003 to 2009, the backing ratio for the Chinese economy rose to more than 100%. How did this happen?

• A) China's monetary authority printed new money and sold it for foreign reserves.
• B) The export revenues were piling up, and China held them rather than spent them.
• C) China's monetary authority sold large amounts of sterilization bonds, even as they increased the supply of money.
• D) China reverted to a gold standard.

---

Definitions:

Homestyle Taste

A term used to describe food products or recipes that offer a taste reminiscent of homemade, comforting meals.

Authentic Southwestern/Mexican

Refers to genuine and traditional cuisine, cultural practices, or products originating from the Southwestern United States or Mexico.

Organic Ingredients

Components used in food or products that are produced through organic farming methods which avoid synthetic pesticides and fertilizers.

Financial Data

Critical quantitative information about financial performance, including revenue, expenses, and profitability of an organization.