What has been the impact of currency appreciation on the economy over the past decade?
John Normand: Yuan Is Behaving Like a Grown-Up Currency

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It has led to increased corporate profits.
It has improved the economy significantly.
It has stabilized the currency regime.
It has caused a decline in industrial growth.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How has the currency regime changed in recent months?
It has shifted to a fully fixed regime.
It has become a freely floating regime.
It now partially responds to market forces.
It has remained unchanged.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the current state of the currency regime?
Fully fixed
Freely floating
A middle ground between fixed and floating
Completely market-driven
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the correlation between the US 3-month Libor and the offshore yuan rate indicate?
The yuan rate is unaffected by US money markets.
The yuan rate is influenced by the relative cost of money in the US.
The yuan rate is solely determined by Chinese economic policies.
The yuan rate is independent of Fed rate changes.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a significant factor affecting the Libor and yuan rate correlation?
Chinese political reforms
US money market reforms
Japanese interest rates
European economic policies
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