China operates a crawling peg by _______.

a). buying and selling U.S. dollar reserves

b). increasing its exports and decreasing its imports

c). negotiation with the United States

d). raising and lowering interest rates

China fixes its exchange rate ________.

a). to keep its export prices low in the long run

b). to increase its U.S. reserves

c). to maintain interest rate parity

d). as a way of achieving a low inflation rate