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4. Many experts believe that the Chinese currency should not only be revalued against the U.S. dollar as it was in July 2005, but also

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4. Many experts believe that the Chinese currency should not only be revalued against the U.S. dollar as it was in July 2005, but also be revalued by 20% or 30%. What would be the new exchange rate value if the yuan was revalued an additional 20% from its initial post- revaluation rate of Yuan 8.16/$

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