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

Question

Quizplus · Accepted Answer

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

The Chinese Were Reluctant to Allow the Value of the Yuan