The Chinese were reluctant to allow the value of the yuan to rise against the United States (US)dollar because it would:
A)decrease exports to the USA.
B)increase the value of the large holdings of US dollars that China had accumulated.
C)raise the price of imported goods from the USA.
D)make Chinese exported goods less expensive in the USA.

Question

Quizplus · Accepted Answer

Allowing the yuan to rise would make Chinese goods more expensive in the US, potentially decreasing exports to the USA.

The Chinese Were Reluctant to Allow the Value of the Yuan