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As the Dollar Price of Chinese Yuan Goes Down, the Quantity

Question 31

Multiple Choice

As the dollar price of Chinese Yuan goes down, the quantity of Yuan demanded by persons in the United States holding U.S. dollars:


A) decreases because more dollars are needed to acquire Chinese Yuan.
B) decreases because the prices of Chinese goods and investment opportunities go up for U.S. buyers.
C) remains unchanged because the U.S. demand for Yuan depends on factors other than the price of Yuan.
D) increases because more Chinese goods and investment opportunities can be purchased with the same amount of U.S. dollars.

Correct Answer:

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