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the spot exchange rate between U.S. Dollar and Chinese Yuan is $1 = 6.70 Yuan Assume that on pressure, China agrees to let Yuan appreciate
the spot exchange rate between U.S. Dollar and Chinese Yuan is $1 = 6.70 Yuan
Assume that on pressure, China agrees to let Yuan appreciate by 10%. What is the new exchange rate after the appreciation?
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Public Finance and Public Policy
Authors: Jonathan Gruber
5th edition
1464143331, 978-1464143335
