The fall in the U.S. dollar has not affected Chinese trade as much as that for other countries because:
A) China has appreciated its currency.
B) China has reduced its exports.
C) China has depreciated its currency.
D) China has pegged its currency to the dollar.

Question

Quizplus · Accepted Answer

China has pegged its currency, the yuan, to the U.S. dollar. This means that the value of the yuan is directly linked to that of the dollar, so any fluctuations in the dollar's value do not necessarily impact China's trade as much as it would for countries with freely-floating currencies.

The Fall in the U