In recent years, countries such as China have been _____ U.S. debt as a way to keep their currencies from _____ against the U.S. dollar.

Question

Quizplus · Accepted Answer

China and other countries have been buying U.S. debt to keep their currencies from rising against the U.S. dollar. By buying U.S. debt, they increase demand for U.S. dollars, which in turn keeps the value of their own currencies lower in relation to the dollar.

In Recent Years, Countries Such as China Have Been _____