(Consider This) Which of the following has been a consequence of China pegging its currency against the U.S. dollar throughout the 2000s?
A) China has experienced a loss of dollar reserves.
B) China has experienced strong inflationary pressure, despite sterilization efforts.
C) China has experienced a large trade deficit in goods with the United States.
D) The United States has actively intervened in the foreign exchange market to bring the yuan to a free exchange market equilibrium value.
Correct Answer:
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