Because of China's fixed exchange rate, they have acquired a large reserve of foreign assets.

Name: Because of China's fixed exchange rate, they have acquired a large reserve of foreign assets.
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Question

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China's policy of maintaining a fixed exchange rate (or a tightly managed floating rate) against the U.S. dollar and other currencies has led it to accumulate a large reserve of foreign assets, as it buys foreign currency to manage its exchange rate.

Because of China's Fixed Exchange Rate, They Have Acquired a Large