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33 Which best describes the dollar–yuan exchange rate over time? A)volatile B)steady C)gradually rising D)gradually declining

33 Which best describes the dollar–yuan exchange rate over time? A)volatile B)steady C)gradually rising D)gradually declining

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Answer #1


If we analyse the dollar-yuan exchange rate over time then it can be seen that effective intervention by Chinese central bank coupled with stron economic growth and strong economic fundamentals of the Chinese economy has kept the dollar-yuan exchange rate steady over time.

Thus,

The dollar-yuan exchange rate is steady over time.

Hence, the correct answer is the option (B).

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33 Which best describes the dollar–yuan exchange rate over time? A)volatile B)steady C)gradually rising D)gradually declining
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