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kirza4 [7]
2 years ago
7

8. Why would ChiN want its own currency to be undervalued relative to the U.S. dollar? How does ChiN maintain an undervalued cur

rency?
Physics
1 answer:
tekilochka [14]2 years ago
5 0

Answer:

The Chinese government wish to keep the currency undervalued because: A weaker exchange rate makes exports more competitive and increases demand for Chinese exports. Chinese economic growth is dependent on exports, so the value of the currency plays a key role in boosting growth.

Explanation:

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