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Figure 30-5 -Refer to Figure 30-5.The Chinese Government Pegs the Yuan to Pegs

Question 65

Multiple Choice

Figure 30-5
Figure 30-5 -Refer to Figure 30-5.The Chinese government pegs the yuan to the dollar,at one of the specified exchange rates on the graph,such that it undervalues its currency.Using the figure above,this would generate a A) a shortage of yuan equal to 400 million. B) a shortage of yuan equal to 200 million. C) a surplus of yuan equal to 200 million. D) a surplus of yuan equal to 400 million. E) a surplus of yuan equal to 300 million.
-Refer to Figure 30-5.The Chinese government pegs the yuan to the dollar,at one of the specified exchange rates on the graph,such that it undervalues its currency.Using the figure above,this would generate a


A) a shortage of yuan equal to 400 million.
B) a shortage of yuan equal to 200 million.
C) a surplus of yuan equal to 200 million.
D) a surplus of yuan equal to 400 million.
E) a surplus of yuan equal to 300 million.

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