1. Why is it important for the Chinese Yuan to become a major world currency? What are the risks for China? 2. What role do foreign banks like HSBC and electronic platforms like Thomson Reuters and ICAP play in helping the Yuan move closer to becoming a global currency? 3. Why is the Yuan being used more widely in global business transactions? Do you think it will ever replace the dollar or the euro? Why or why not? Observe the following rubric which will partly determine what grade you get on the paper. 1. Your paper should be 2-pages long, double-spaced, 12pt, new times roman