https://www.youtube.com/watch?v=W8JVodu3zZg&feature=youtu.be

5. This devaluation of the Yuan should have which consequence in the United States? a. Chinese made products become cheaper. b. Chinese made products become more expensive. c. No consequence in the US (this is a Chinese domestic problem) Sudden Chinese currency devaluation has global consequences (8:05 min) https://www.youtube.com/watch?v=3MjSON7Lf3s&feature=youtu.be 6. For American companies operating in China, which of the following will be true after the devaluation of the Yuan? a. Their Exports from the US to China will become cheaper. b. Their Profits repatriated from China to the US will lose value. c. Their exports from China to the US will become more expensive. d. No impact on the operation of these companies (business a usual). Trade war: Is China manipulating the Yuan? | DW News (3:01 min) https://www.youtube.com/watch?v=uSsfqVvcRWI&feature=youtu.be 7. The reason why some countries manipulate their currencies is: a. to gain an export advantage. b. to make their imports cheaper. c. to raise the price of their export products.

How Does China Manipulate Its Currency? (3:27 min) https://www.youtube.com/watch?v=Qy1V7tWpTGY&feature=youtu.be 8. What does China currency manipulation cost to the US economy? a. Reduction in US trade deficit, and greater inflow of FDI b. Loss of jobs in the US and a greater US trade deficit. c. Reduction in US Imports, increase in US Exports. d. No impact (no cost to the US economy; only a cost to the Chinese economy)