Which of the following is the policy adopted by the Chinese since 2005?
A)Pegged exchange rate
B)Clean float
C)Dirty float
D)Fixed exchange rate

Question

Quizplus · Accepted Answer

Dirty float has been the policy adopted by the Chinese since July 2005.The value of the Chinese currency,the yuan,has been linked to a basket of other currencies,including the dollar,yen,and euro,and it is allowed to vary in value against individual currencies,but only within tight limits.

Which of the Following Is the Policy Adopted by the Chinese