To keep its currency cheap, China had pegged the renminbi to the U.S. dollar. Evaluate the consequences of the renminbi being more than 40 percent undervalued.

Name: To keep its currency cheap, China had pegged the renminbi to the U.S. dollar. Evaluate the consequences of the renminbi being more than 40 percent undervalued.
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The Answer of To keep its currency cheap, China had pegged the renminbi to the U.S. dollar. Evaluate the consequences of the renminbi being more than 40 percent undervalued.

To Keep Its Currency Cheap, China Had Pegged the Renminbi