Asked by Mira Mae David on Sep 24, 2024
If the Chinese Yuan devalues against the US dollar,then
A) Both the US exporters and Chinese exporters would benefit
B) The US exporters would benefit while the Chinese exporters would be hurt
C) The US exporters would be hurt while the Chinese exporters would benefit
D) Both the US exporters and Chinese exporters would be hurt
Chinese Yuan
The official currency of the People's Republic of China, used in mainland China but not in its special administrative regions like Hong Kong.
Devalues
Reduces the value, importance, or quality of something.
US Exporters
Companies or individuals located in the United States that sell goods or services to buyers in other countries.
- Comprehend how currency devaluation impacts the expenses of consumers and suppliers, and its effect on the prices of exports and imports.
Learning Objectives
- Comprehend how currency devaluation impacts the expenses of consumers and suppliers, and its effect on the prices of exports and imports.
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