Question: Explain how China was able to maintain an essentially fixed exchange rate between its currency, the yuan, and the dollar from 1995 through 2005. Explain

Explain how China was able to maintain an essentially fixed exchange rate between its currency, the yuan, and the dollar from 1995 through 2005. Explain why China would have wanted to maintain this fixed exchange rate.

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The Bank of China bought dollars during the period from 19952005 as needed in order to mai... View full answer

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