Business, 25.11.2021 14:00 doralisaponte79851
China has pegged its currency against the U. S. dollar. If the demand for dollars:
a. there is pressure for the U. S. dollar to appreciate. In this setting, China has to sell dollars to maintain its peg.
b. there is pressure for the US. dollar to depreciate. In this setting, China has to sell dollars to maintain its peg.
c. there is pressure for the U. S. dollar to appreciate. In this setting, China has to purchase dollars to maintain its peg.
d. there is pressure for the U. S. dollar to depreciate. In this setting, China has to purchase dollars to maintain its peg
Answers: 2
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China has pegged its currency against the U. S. dollar. If the demand for dollars:
a. there is pre...
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