Since the late 1990s, to prevent the yuan from appreciating against the U.S. dollar, the Chinese central bank
A. has purchased Chinese government bonds.
B. has been trying to hold euros and British pounds as foreign assets.
C. has been buying dollars and selling yuan in the foreign exchange market.
D. has been selling foreign assets to replenish its dollar reserves.
Answer: C
Economics
You might also like to view...
The figure above shows the market for airline tickets. If airline tickets are a normal good, then the recession in 2008 that caused people's incomes to decrease led to a shift from
A) D0 to D1. B) D1 to D0. C) S0 to S1. D) S1 to S0.
Economics
The opportunity cost of holding money increases when
A) the purchasing power of money rises. B) the nominal interest rate rises. C) the price level falls. D) consumers' real incomes increase.
Economics