Asked by Amjad Alsrya on May 19, 2024
Verified
Between the summer of 2005 and April 2008,the Chinese yuan ___ against the U.S.dollar
A) appreciated by 5%.
B) appreciated by 21%.
C) depreciated by 5%.
D) depreciated by 20%.
Chinese Yuan
The official currency of the People's Republic of China, used as a medium of exchange and a store of value.
Appreciated
Refers to an increase in value or price of an asset or currency over time.
U.S. Dollar
The official currency of the United States of America and the world's primary reserve currency.
- Identify factors that lead to currency appreciation or depreciation.
Verified Answer
AC
ashley carterMay 20, 2024
Final Answer :
B
Explanation :
During the given time period, the Chinese yuan appreciated by 21% against the U.S. dollar.
Learning Objectives
- Identify factors that lead to currency appreciation or depreciation.
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