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Which of the following is NOT an event that occurred when the Chinese yuan was pegged to the U.S. dollar? The Chinese funded their exchanges
Which of the following is NOT an event that occurred when the Chinese yuan was pegged to the U.S. dollar?
- The Chinese funded their exchanges by printing more money.
- Americans demanded more yuan than the Chinese demanded dollars for exchanges.
- The effect on Chinese GDP was negative, and the effect on U.S. GDP was positive.
- Chinese exports to the United States increased.
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