The People's Bank of China announced that it was lowering by 1.08 percentage points the one-year lending rate in response to the slowdown in the Chinese economy. This rate is the Chinese equivalent of the federal funds rate in the United States.
Www) nytimes.com, 11/26/2008
Other things remaining the same, there will be ________ in the exchange rate, ________ in imports and ________ in exports.
A) a decrease; a decrease; an increase
B) a decrease; an increase; a decrease
C) an increase; a decrease; an increase
D) an increase; an increase; a decrease
Correct Answer:
Verified
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