If US consumers want to buy Chinese goods,they will
A)Buy Yuan and sell US Dollars
B)Sell Yuan and buy US Dollars
C)Neither buy nor sell Yuan
D)Neither buy nor sell dollars

Question

​If US consumers want to buy Chinese goods,they will
A)​Buy Yuan and sell US Dollars
B)Sell Yuan and buy US Dollars
C)Neither buy nor sell Yuan
D)​Neither buy nor sell dollars

Quizplus · Accepted Answer

To purchase Chinese goods, US consumers need to exchange their US Dollars for Yuan, as transactions in China are conducted in the local currency. This involves buying Yuan and selling US Dollars.

​If US Consumers Want to Buy Chinese Goods,they Will

If US Consumers Want to Buy Chinese Goods,they Will