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| Teaching Since: | May 2017 |
| Last Sign in: | 398 Weeks Ago, 1 Day Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Suppose the People's Bank of China wishes to peg the rate of exchange of its currency, the Yuan, in terms of the U.S. dollar. In each of the following situations, should it add to or subtract from its dollar foreign exchange reserves? WHY? A.) U.S. parents worrying about safety begin buying fewer chinese made toys. B.) U.S. interest rates rise relative to the interest rates in China; therefore, the chinese residents seek to purchase additional U.S. financial assets. C.) The chinese furniture manufacturers produce high quality early amerian furniture and successfully export large quantities of the furniture to the United States. This is very important, please answer appropriately, understandingly, and accurately or I wont rate your answer
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