Business, 13.03.2020 03:16 endyrocks19

Suppose market forces outside of the control of the Chinese government are causing the price of Chinese yuan in terms of Japanese yen to rise. In order to maintain the current value of the yuan, the Chinese government must: a. file a pegging application with one of the three international currency-management agencies. b. buy yen with newly created yuan. c. get official approval from the World Trade Organization. d. using tax incentives, encourage Chinese firms to hire more Japanese workers. e. ban Chinese firms from hiring Japanese workers.

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